Tulin: inflation expectations in Russia in the next 3 years will be elevated

Tulin: inflation expectations in Russia in the next 3 years will be elevated


The subjective perception of entrepreneurs and population with actual inflation and its prospects are significantly higher than the objective statistics of rising prices and forecasts of experts, said the first Deputy Chairman of Bank of Russia Dmitry Tulin.

MOSCOW, 23 Oct. Inflation expectations in Russia in the next three years will remain elevated, according to the first Deputy Chairman of Bank of Russia Dmitry Tulin.

“The complicating factor is the continuing elevated inflation expectations,” he said, speaking at the working group in the state Duma with the report on monetary-credit policy of the Russian Federation in the years 2016-2018.

“What we understand under them: subjective perception and entrepreneurs, and the population of actual inflation and its prospects are significantly higher than the objective statistics of rising prices and forecasts of experts,” said Thulin.