Cbank: Russia’s inflationary expectations rise to 10.7% in July

MOSCOW, Aug 2 (PRIME) -- Russia’s inflationary expectations for the next 12 months increased to 10.7% in July after 10.3% in June and in May, the central bank said in a report on Wednesday.

The authority said that it had expected these dynamics, which is temporary. The increase connected with a seasonal growth of prices for some foods and with a planned increase of tariffs for public utilities, the central bank said.

End