18.11.2025.

Results of Inflation Expectations Survey

According to the results of the October Ninamedia survey, short- and medium-term inflation expectations of the financial sector came close to the target band midpoint (3±1.5%).

Short-term inflation expectations of the financial sector went down from 4.0% in September to 3.2% in October. According to the November Bloomberg survey, they stood at 3.5% (3.8% in October).

According to Ninamedia, two-year ahead inflation expectations of the financial sector dropped from 3.5% in September to 3.3% in October and three-year ahead expectations from 3.2% to 3.0%.

One-year ahead inflation expectations of corporates remained unchanged from the previous month and stood at 5.0%. Medium-term corporate expectations were also unchanged (5.0%) in the October survey. 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