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21 October, Saturday

Ufa   °

Inflation expectations fell to 9.5% in Russia

Economy/Business

UFA, 4 September 2017. /Bashinform News Agency, Galiya Nabieva/.

The record decrease in inflation expectations of Russians in August to 9.5% in annual terms is explained not only by smoothing out of the vegetable and fruit market environment, but also by the growth in number of products with stable price trends. This is reported by Izvestia with reference to the Deputy Director of the Department of Monetary Policy of the Bank of Russia.

The Central Bank has no fears due to the fact that the inflation expectations are twice as high as targets, as such situation is observed in many countries. The Bank of Russia is confident that the inflation expectations will gradually decline amid a slowdown in actual inflation.

"The decrease in inflation expectations in August is due not only to the smoothing out of the vegetable and fruit market situation, but also to the increase in the share of consumer basket products with stable price trends and annual growth rates near the inflation target of 4%," said the representative of the Bank of Russia.

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