OREANDA-NEWS. May’s questionnaire held by inFOM at the Bank of Russia’s order demonstrates more marked reduction in inflation expectations for the next 12 months than that in April. The Russians are also hopeful of better correlation between the growth of earnings and prices.

Median inflation expected for a year ahead has dropped the lowest since late 2014, but still remains high. Notably, a proportion of respondents who believe in the slowdown or stop of the price growth in the next 12 months has increased considerably.

Against the backdrop of stabilised inflation the respondents more seldom mention the price growth for medicines, utilities, bread and bakery products, sugar and salt. But they are more worried now about the price growth for clothes and footwear, services of cafes and restaurants.

The participants in the May’s questionnaire are more positive about the change in their financial standing in the nearest year: a proportion of those who believe in the worse situation is down for the fifth consecutive month, whereas the number of those who expect improvements has reached the highest figure since mid-2014.

At the same time, under the conditions of decreased purchasing power of earnings a half of the respondents treats the current situation as unfavourable for major purchases, whereas more than a half of them prefer spare money savings. Herewith a proportion of those who prefer bank deposits is on the rise, and a proportion of those who have decided on ready cash is down.