OREANDA-NEWS. InFOM August public opinion poll launched on the Bank of Russia request showed a substantial decline in people’s inflation expectations with wealth prospect assessments turned out to be ultimately optimistic over the last year.

Respondents expressed much lower concern about prices for those goods and services that used to be given heightened attention: meat and poultry, fish and seafood, cheese and sausages, milk and dairy products, medication and drugs, fruits and vegetables. This is in line with actual inflation dynamics.

Respondents also seem to be more optimistic in terms of the changes in their material standing both over the last year and for the next 12 months. Nevertheless, in August they still preferred to do the saving since they believe the current time is unfavorable for big purchases including buying on credit.

Assessments of macroeconomic development in general changed for the better. Respondents expect the growth of production and reduction of unemployment and corruption in 2017.