According to the latest survey by InFOM, households’ one-year ahead inflation expectations have risen slightly, moving from 12.9% in March 2025 to 13.1% in April 2025. This increase is attributed to respondents who have savings. In contrast, expectations decreased for those without savings.
The consumer sentiment index remained unchanged during this period, while business price expectations continued a downward trend. Despite this decline, they remain at a high level.
Further insights are provided in the new edition of the Bank of Russia’s commentary on Inflation Expectations and Consumer Sentiment.
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