Inflation expectations of the population rose markedly in November – Central Bank
Inflationary expectations of the people continue to rise, the Central Bank said.

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The average level of projected inflation for the next year among the population amounted to 15.3%, having increased by 0.2 percentage points against the October level. A more noticeable increase was shown by the median indicator – now it reaches the June level of 14.1%.
The share of respondents who expect price growth to accelerate has risen sharply to 59%. The most commonly cited figures were between 13% and 16%, while the popularity of options in the 9-12% range has plummeted.
Respondents’ forecasts were influenced more than other factors by fluctuations in the exchange rate – they were noted by 51%, which was a new maximum since March. Also, after the decline in September-October, the concern for fuel and energy costs has noticeably increased (38%).
Expectations of rising food prices, which previously occupied a leading position, have now fallen back to third place in the list of factors (37%). The percentage of those surveyed who named the increase in rent for housing as one of the reasons remained stable (22%).
Entrepreneurs are primarily concerned about the rising cost of fuel, which was indicated as a factor by 50% of respondents.
The share of participants who noted an increase in prices for imported raw materials and components increased significantly – from 21% a month earlier to 32%. There was also a slight increase in the share of expected interruptions in the supply of materials (20%) and rising prices for rental premises.
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