Key facts
- Russian household inflation expectations declined to 12.4% in June.
- This is a decrease from 13.0% recorded in May.
- The survey was conducted by inFOM at the request of the Central Bank of Russia.
Russia's central bank reported that household inflation expectations decreased to 12.4% in June from 13.0% in May. This data is a key factor in the central bank's monetary policy decisions.
Declining household inflation expectations can signal reduced demand and potentially influence the central bank's decisions on interest rates, impacting borrowing costs and economic activity.
Russia's central bank announced that household inflation expectations fell to 12.4% in June, a decrease from 13.0% in May. This figure is a significant indicator for the central bank's monetary policy decisions.
Previous surveys indicated fluctuating expectations. In March 2026, household inflation expectations had risen to 13.4%, returning to the level seen in May 2025. Observed inflation also saw a sharp increase in March to 15.6%. Earlier in February 2026, expectations had fallen to 13.1%, a level last seen in April 2025, with observed inflation remaining stable at 14.5% for four consecutive months.
According to Kirill Tremasov, an advisor to the central bank governor, household inflation expectations have largely remained stable between 13% and 14% over the past year and a half, with fluctuations of only a few tenths. Alexei Zabotkin, Deputy Governor of the Central Bank, previously stated that one-time factors influencing January's inflation would be exhausted early in the year and would not lead to secondary effects on inflation expectations.