The estimate of inflation expected by Russians in a year rose to 12.9% in August 2024 from 12.4% a month earlier, according to InFOM’s survey. The rise was accounted for by respondents with savings. Inflation expectations of those without savings decreased but remained elevated.
The consumer sentiment index dropped to its minimum since the beginning of the year and was lower year-on-year. Businesses’ price expectations increased.
More details are available in the new issue of the Bank of Russia’s commentary "Inflation Expectations and Consumer Sentiment."
Фото: Эрик Романенко / ТАСС