MOSCOW, Aug 31 (PRIME) – Russians’ inflationary expectations for the next 12 months fell to a record low in August, but indicate that pro-inflationary risks remain, the central bank said in a report Thursday.
“In August, the population’s inflationary expectations for the next 12 months decreased as expected. Infom’s direct estimate, calculated from answers about the level of inflation, fell to the minimal figure in the entire history of observations (by 1.2 percentage points to 9.5%). Estimates of inflationary expectations made by the central bank on the basis of Infom’s poll data also fell – 3.7% in August after 4.1–4.2% in July,” the central bank said.
Lower prices for vegetables thanks to the arrival of a new harvest, as well as slower inflation contributed to the falling inflationary expectations in August, the regulator said.
The central bank will keep a moderately tight monetary policy to keep inflation around the targeted level and further reduce inflationary expectations.
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