Households’ inflation expectations deteriorate in August
In August, the 12-month-ahead annual inflation expectations of households increased by 0.64 percentage points to 45.58 percent compared to the previous month, according to a Central Bank survey on Aug. 24.
The product/service groups that households assessed as having increased the most in price over the past year and expected to increase the most in the next 12 months were “food” and “fuel and energy,” according to the survey.
The share of participants who consider “food” among the product/service groups with the highest price increase decreased by 0.4 percentage points compared to the previous month, reaching 39.3 percent.
The expectation for the increase in house prices at the end of the next 12 months decreased by 0.36 percentage points compared to the previous month, standing at 32.13 percent.
