Cbank: Russians’ inflationary expectations rise to 9.4% in April

MOSCOW, Apr 29 (PRIME) -- Russians’ inflationary expectations for the next 12 months rose by 0.3 percentage points to 9.4% in April, the central bank said in a research note on Monday.

The figure is close to the level of July–December 2018, the regulator said, adding that a new rise in inflationary expectation after a fall seen in February and March points to a persisting negative influence of temporary factors.

“However, the share of respondents estimating price growth of a previous month as ‘very strong’ has been falling since February,” the note said. “This share was lower in April than in January by 9 percentage points. Nevertheless, its level of 36% is persistently high.”

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