Russian central bank says household inflation expectations fall to 12.4% in June

Key Takeaways

• Inflation expectations have gradually declined from 13.4% in March, to 12.9% in April, and now to 12.4% in June, signaling a slow but consistent easing trend (tradingeconomics.com).
• Despite June’s decline, expectations remain well above the central bank’s 4% inflation target, indicating that long‑term price pressures remain entrenched (akm.ru).
• The sustained elevated expectations continue to constrain monetary policy flexibility, likely weighing on prospects for interest‑rate cuts unless a deeper slowdown in expectations materializes (apnews.com)