The Bank of Russia reported that households’ one-year-ahead inflation expectations declined to 13.7% in August from 14.7% in July, falling among respondents both with and without savings. Expectations nevertheless remained elevated, while companies’ price expectations increased. The consumer sentiment index rebounded after a sharp decline in July, reflecting improved assessments and expectations regarding personal wealth, the economy and consumer market conditions.
2026-08-26Central Bank of Russia
Bank of Russia reports household inflation expectations fell to 13.7% as companies’ price expectations rose
The Bank of Russia reported that households’ one-year-ahead inflation expectations fell to 13.7% in August from 14.7% in July but remained elevated. Companies’ price expectations increased, while consumer sentiment rebounded after a sharp July decline.