In August 2026, Russia recorded a noticeable improvement in inflation sentiment among various segments of the population. According to the latest statistical data, citizens without savings lowered their price growth forecasts to 15% from 16.5% in July. Respondents with savings showed even greater confidence, adjusting their expectations down to 12% after 13% a month earlier. This downward trend indicates a gradual cooling of panic buying and anxiety within the consumer sector of the economy.

The dynamics of public and business expectations traditionally serve as a key benchmark for the regulator when shaping monetary policy. The Bank of Russia closely analyzes these indicators because they directly determine future consumer activity and the propensity to save. The next assessment of macroeconomic factors by the board of directors is scheduled for September 11. At that time, it will become clear how sustainable the regulator considers the current disinflationary trend to be.

At the previous meeting on July 24, the Central Bank already took a step toward easing by lowering the key interest rate to 14.00% per annum. The reduction amounted to 0.25 percentage points, reflecting a cautious stance by the monetary authorities. The current drop in inflation expectations in August provides additional arguments for proponents of further cutting borrowing costs. Experts agree that the Central Bank's September decision will largely determine the trajectory of economic growth until the end of the year.