Russian inflation and inflation expectations

Russian inflation and inflation expectations

Russian inflation refers to the increase in the general price level of goods and services in the country over a period of time. Inflation expectations, on the other hand, are the anticipated future inflation rates by consumers, businesses, and investors.

High inflation rates can have negative effects on the economy, such as reducing the purchasing power of consumers, eroding savings, and creating uncertainty for businesses. Inflation expectations play a crucial role in shaping actual inflation by influencing wage and price-setting decisions.

The Central Bank of Russia closely monitors inflation and inflation expectations to make informed decisions on monetary policy. By managing inflation expectations and implementing appropriate monetary measures, the central bank aims to maintain price stability and support sustainable economic growth.