Inflation expectations among the population rose to 13.5%.
As reported by the Bank of Russia, in August households' inflation expectations rose from 13% to 13.5%. This means that people expect approximately that level of inflation in a year's time.
Experts also noted a decline in the consumer sentiment index. The share of citizens preferring to save their spare funds increased to 52.2%, but it is still below the recent years' average of 53.9%.
As for firms' price expectations, they increased. The average rate of increase in selling prices expected by companies over the next three months amounted to 3.7% year-on-year. This is due to accelerating cost growth and a change in the assessment of future demand.
According to the Bank of Russia's forecast, annual inflation in 2025 will fall to 6–7%. In 2026, experts expect it to return to 4%, where it will remain.
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Inflation expectations among the population rose to 13.5%.
In 2025, the Bank of Russia forecasts that inflation will decline to 6–7%.