According to the results of the survey conducted in September, the population’s inflationary expectations for price growth for the next 12 months maintained a downward trend and formed around 15.2%, while the median value was 11.8%. This was noted in the Central Bank’s comments on the results of the survey.
Also, the percentage of respondents who expect the inflation indicator to be at the current level or higher in the next 12 months has decreased by 1 percentage point compared to the previous month.
In September, the majority of the population expects inflation to be around 9-12% in the next 12 months.
The survey participants mentioned imported goods and basic food products (42%), exchange rate depreciation (42%) and artificial price increase (31%) as the main factors that may put upward pressure on prices in the future.
At the same time, the share of representatives of the population who indicated an increase in housing and rent payments increased compared to last month (from 15% to 18%).
Inflationary expectations of business representatives decreased by 0.3 percentage points compared to last month and decreased to 13.8%, while the median value was around 11.3%.
The share of respondents who expect inflation to be at or above the current level in the next 12 months decreased by 2 percentage points compared to the previous month and amounted to 45%. This month, the majority of entrepreneurs expect inflation to be around 9-12% in the next 12 months.
Also, in September, the share of business representatives who expect inflation to be in the range of 6-8% is increasing after one year.
It was noted by businessmen that the increase in prices in the next 12 months may be influenced by factors such as the increase in the prices of fuel products and transport services (35%) and the increase in wages and benefits (23%).
Also, the share of entrepreneurs who expect future price increases due to interruptions in the supply of raw materials from abroad and the maintenance of tariff and notary restrictions on imports continues to decrease.
