19/06/2025

Results of Inflation Expectations Survey

According to the Ninamedia survey, one-year ahead inflation expectations of the financial sector decreased from 3.9% in April to 3.5% in May, continuing to move within the NBS target band. According to the Bloomberg survey in June, inflation expectations of the financial sector also equalled 3.5%, unchanged from May.

Short-term inflation expectations of the corporate sector, according to Ninamedia, stayed unchanged for the sixth month in a row, at 5.0%, this being also their average value in the previous year.

Medium-term inflation expectations of the financial sector in the May survey did not change from the month before, measuring 3.5% and 3.3% for two and three years ahead, respectively. The Ninamedia survey indicates that medium-term corporate expectations continued moving within the 4.0–5.0% range – equalling 5.0% for two years and 4.3% for three years 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