22/10/2024

Results of Inflation Expectations Survey

According to the September Ninamedia survey, one-year ahead inflation expectations of the financial sector rose slightly to 3.75% (from 3.5% in August) but remain still within NBS target tolerance band. Expectations from the October Bloomberg survey are lower, at 3.4%.

According to Ninamedia, one-year ahead corporate inflation expectations stayed unchanged at 5.0%, which is the value around which short-term expectations moved  for the most part of the year. 

Two-year ahead expectations of the financial sector decreased from 3.3% in August to 3.2% in September, while three-year ahead expectations stayed unchanged in September, at 3.0%, suggesting that representatives of the financial sector expect that medium-term inflation will stabilise at around the NBS midpoint value. Corporate medium-term inflation expectations for two and three years ahead went slightly up, to 5.0% in September and became equal to short-term expectations.

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