22.11.2024.

Results of Inflation Expectations Survey

According to the Ninamedia October survey, short-term inflation expectations of the financial sector stayed unchanged from the previous survey, at 3.75% and kept moving within the NBS target tolerance band of 3±1.5%. According to the Bloomberg November survey, expectations continued moving around 3.5%.

One-year ahead corporate inflation expectations returned within the NBS target tolerance band, according to Ninamedia, following a decrease from 5.0% in September to 4.0% in October.

Medium-term inflation expectations of the financial sector stayed unchanged from the previous month. In October, they measured 3.2% for two years ahead and 3.0% for three years ahead. On these grounds one can conclude that in the medium term the financial sector expects inflation stabilisation around the NBS target. As short-term, two- and three-year ahead inflation expectations also went down to 4.0% in October.

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