Household Inflation Expectations: January 2026

MINOR INCREASE IN INFLATION EXPECTATIONS

Summary findings

  • The average inflation expectation for one year ahead: 3% (an increase of 3.4 points M-o-M).
  • 1% of participants expect inflation to be in the range of 21-40%.
  • 3% of participants expect inflation to be lower than the current level (a decrease of 2 points M-o-M).
  • By gender: The inflation expectation is 55% for men and 8% for women.
  • By age: the lowest expectation is at the group of 35-44 years (%51.5), the highest expectation is at the group of 65+ years (%61.4).
  • By employment status: The highest expectation is among Day/Labor Workers (%64.6), and the lowest is among Salaried Government Employees (%42.7).

doc. Household Inflation Expectations Note January 2026

pdf. Household Inflation Expectations Note January 2026