Cbank: Russians’ inflationary expectations rise to 10.2% in Dec

MOSCOW, Dec 28 (PRIME) -- Russians’ inflationary expectations for the next 12 months rose to 10.2% in December from 9.8% in November, the central bank said in a research note on Friday.

The looming growth of value-added tax (VAT) to 20% from 18% was mentioned as a key reason for expected inflation acceleration by 6% of the respondents, 5% mentioned reports about price growth ahead of the VAT increase.

The central bank also said that inflation can peak at 5.5% in January but will fall to the target of 4% in January–June 2020. Inflationary expectations can rise in the next few months.

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