Russia's Central Bank on inflationary expectations

Russia's Central Bank on inflationary expectations

Russian households' expectations for inflation fell in May to 9.3% from 9.4% in April, the Russian Central Bank said.

The inflationary expectations for the next 12 months fell to 9.3% in May as the influence of an increase of value added tax at the start of the year subsided, the bank said in a research note.

"Short-term inflationary expectations remain elevated, the long-term expectations have approached 4%," Prime news agency cited the authority as saying.

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