21.08.2025.

Results of Inflation Expectations Survey

According to the Ninamedia survey, one-year ahead inflation expectations of the financial sector increased from 3.5% in June to 3.8% in July, continuing to move within the NBS target band as in the last more than a year and a half. According to the Bloomberg survey carried out in August, inflation expectations of the financial sector equalled 3.6%, also marking an increase from the previous month, when they stood at 3.4%.

Short-term inflation expectations of the corporate sector, according to Ninamedia survey, trended up after seven months, rising from 5.0% in June to 6.0% in July.

Ninamedia survey indicates that inflation expectations of the financial sector edged up for two years ahead (from 3.2% in June to 3.5% in July), while declining for three years ahead (from 3.2% to 3.1%). At the same time, medium-term corporate expectations stayed unchanged at 5.0%. These expectations have moved within the 4.0–5.0% range since end-2023.

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