Households' inflation expectations for the coming year have decreased slightly, according to a recent survey by InFOM. The findings show that expected inflation has edged down from 11.5% in March 2024 to 11.0% in April. The decline was noted particularly among respondents without savings, while those with savings reported little change.
In addition to short-term expectations, long-term inflation forecasts over the next five years also saw a decrease, falling to 9.8%. Despite this drop, the consumer sentiment index experienced only a slight decline and remains high overall.
Meanwhile, companies have adjusted their price expectations upwards. Further insights can be found in the latest issue of the Bank of Russia’s commentary titled "Inflation Expectations and Consumer Sentiment."