21/08/2024

Results of Inflation Expectations Survey

The results of the July Ninamedia survey indicate that one-year ahead inflation expectations of the financial sector amounted to 3.2%, receding from the previous month (3.7%) and getting closer to the NBS target midpoint. The latest, August Bloomberg survey too suggests that one-year ahead inflation expectations are at a level (3.1%) close to the target midpoint.

Having fallen from 5.0% in June to 4.0% in July, one-year ahead expectations of the corporate sector returned within the target tolerance band for the first time since November 2021. 

Inflation expectations of the financial sector for two and three years ahead are at the NBS target midpoint (3.0%), unchanged from the previous survey. Inflation expectations of the corporate sector for two years ahead measured 5.0% in July, as did those for three years ahead having risen from the June 4.5%.  

The survey results show that both financial and corporate sectors expect inflationary pressures to ease further in the period ahead.

For the purpose of transparent communication with the public, since May 2015 the NBS publishes regular monthly reports on inflation expectations of the financial sector, corporate sector, trade unions and households. The Report on the Results of the Inflation Expectations Survey and the accompanying materials (time series, methodology and the survey questionnaire) can be accessed on the NBS website, section Publications.

Economic Research and Statistics Department