Household inflation expectations fall to 13.2 percent in October
Households expected prices to rise by 13.2 percent over the next 12 months, down from 14.2 percent in September, the Bank of Russia (CBR) reported. Companies' price expectations also declined, while consumer sentiment barely changed.
Households lower their price outlook
InFOM's October 2026 survey put households' average expected price increase over the next 12 months at 13.2 percent, compared with 14.2 percent in September.
The decline amounted to 1.0 percentage point.
Companies' price expectations also fell in October, according to the CBR, which did not give a numerical reading for businesses in the announcement.
The household figure describes anticipated price increases over the coming year rather than a reported change in current consumer prices.
The release therefore records lower price expectations among both households and companies, alongside little change in the consumer sentiment index.
Sentiment holds its ground
The consumer sentiment index reflects households' current assessments and expectations concerning their personal wealth, economic development and the consumer market situation.
Its October reading barely changed even as household inflation expectations declined.
The CBR directs readers to its commentary, Inflation Expectations and Consumer Sentiment, for further information.
The announcement gives no numerical level for the sentiment index or size of its movement.
Expectations are not prices
Lower price expectations are distinct from lower measured inflation.
The household survey records a 1.0 percentage point decline, while the announcement reports only the direction of change for companies.
Consumer sentiment, meanwhile, remained broadly unchanged.
Source: Inflation expectations decline in October
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