According to the statement made by the Central Bank of Russia, it was learned that Russians’ inflation expectations increased by 2 points compared to the previous month in December 2023 and reached 14.2%, the highest value since the beginning of 2023. This was reported by TASS.
The publication states that in November this figure was 12.2% and in October it was 11.2%.
According to the regulator, the maximum values of inflation expectations peaked in March 2022, then stood at 18.3 percent.
Before that, Governor of the Central Bank of Russia Elvira Nabiullina statedThe regulator has “strong concerns” about unfixed inflation expectations.
Before that, it became known that the Central Bank of the Russian Federation at its board meeting on December 15 increased the key rate by 100 basis points for the fifth time in a row, to 16% per annum.
Mikhail Vasiliev, chief analyst of Sovcombank, explained to socialbites.ca that, first of all, the regulator considers the level of inflation when deciding on the rate, and the rate of price growth is already higher than the Central Bank’s forecast. 7-7.5% at the end of the year.
Previously Mishustin in the name Avoid excessive optimism.