Business · Economy · 11 hrs ago

Russian inflation expectations fall to 13.2% in October

Russians’ inflation expectations fell to 13.2% in October, down from 14.2% in September.

The figures come from a survey conducted for the Bank of Russia among at least 2,000 adults from October 5 to 15.

People said prices had risen 14.5% over the past year, compared with 15.1% in September.

But expected inflation over five years rose to 12.2%, up from 10.7% the previous month.

For the coming year, expectations fell among people both with savings and without them.

Those with savings expected 11.6% inflation, while people without savings expected 14.6%.

These figures show how people perceive price changes and what they expect, but the survey provides no forecast of what inflation will actually be.

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