Experts told about inflation expectations of business

Most Russian entrepreneurs believe that the situation with inflation in Russia will worsen. Radio RBC reported Vice-President of the Chamber of Commerce and Industry (CCI) Elena Dybova.

According to her, such expectations of enterprises are due to the fact that at the same time “several factors were superimposed”.

Natalia Orlova, chief economist of Alfa Bank, in turn, pointed out that the two main indicators of inflation expectations are the situation in the fuel and foreign exchange markets: “The combination of these two factors, I think that they just influenced the inflation expectations of the population.”.

According to Alexander Ivanov, an analyst in macroeconomics at Ingosstrakh-Investments, high inflation expectations are “definitely a pro-inflationary factor.” For the Central Bank, this is an unequivocal signal that their monetary policy should be tighter than it is now. This is a factor for not lowering the rate, the expert believes.

As shown by the survey “infom”, conducted by order of the Bank of Russia from 3 to 15 September, inflation expectations of the population of Russia in September 2026 increased by 0.5 percentage points, from 13.7 to 14.2% per annum. This indicator came close to July results, when inflation expectations rose to a maximum since March 2022, to 14.7%.

The survey was attended by 2 thousand respondents over 18 years of age from 100 settlements in 54 regions of Russia.