Cbank: Russians’ inflationary expectations fall to 0.1 pp in May

MOSCOW, Jun 5 (PRIME) -- Russians’ inflationary expectations for the next 12 months fell by 0.1 percentage point on the month to 9.3% in May as the influence of an increase of value added tax at the start of the year subsided, the central bank said in a research note on Wednesday.

Short-term inflationary expectations remain elevated, the long-term expectations have approached 4%, the authority said.

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