Surveys

Inflation Expectations Documents

Of the three social groups surveyed, analysts remain the most positive regarding lower inflation, even though they increased their expectations for 2013 by 0.4%pts and for 2014 by 0.2%pts[1]. With a forecast of 5.6% for 2013, they are still 0.5%pts lower compared to the average of all three groups.

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Of the three social groups surveyed, analysts remain the most positive regarding lower inflation, even though they increased their expectations for 2013 by 0.4%pts and for 2014 by 0.2%pts[1]. With a forecast of 5.6% for 2013, they are still 0.5%pts lower compared to the average of all three groups.

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The average inflation expectation for 2013-14 is virtually unchanged from the previous quarter, with the forecast for 2013 still at 6.0%, then rising to 6.2% in 2014. For 2012, respondents now expect inflation to fall below the upper end of the 3-6% target limit. Households lowered their inflation forecast for the next 12 months by 0.3 %pts to a level of 6.4%

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The average inflation expectation for 2013-14 is virtually unchanged from the previous quarter, with the forecast for 2013 still at 6.0%, then rising to 6.2% in 2014. For 2012, respondents now expect inflation to fall below the upper end of the 3-6% target limit. Households lowered their inflation forecast for the next 12 months by 0.3 %pts to a level of 6.4%

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The average inflation expectation for 2012 remained at 6.1% during the second quarter. Respondents lowered their 2013 inflation forecast by 0.1 percentage point to 6.0% (the same level it was during the fourth quarter of 2011), only to raise their 2014 forecast from 6.0% previously to 6.1%. The inflation expectations of households (for 2012) increased by 0.5 percentage points from 6.2% previously to 6.7% during the second quarter of this year.

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The average inflation expectation for 2012 remained at 6.1% during the second quarter. Respondents lowered their 2013 inflation forecast by 0.1 percentage point to 6.0% (the same level it was during the fourth quarter of 2011), only to raise their 2014 forecast from 6.0% previously to 6.1%. The inflation expectations of households (for 2012) increased by 0.5 percentage points from 6.2% previously to 6.7% during the second quarter of this year.

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The average inflation expectation for 2012 remained unchanged at 6.1% in 2012Q1 from 2011Q4, but respondents again raised their 2013 inflation estimate by 0.1 percentage point (%pt), to 6.1%. For 2014 they anticipate an inflation rate that is right on the target ceiling of 6.0%.

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