Households expect lower inflation ahead, with median inflation perception and expectations easing across key product categories in July 2025.

• Current inflation perception dropped 50 bps to 7.2% in July vs May, reflecting improved price sentiment.
• Three-month and one-year inflation expectations moderated by 60 bps and 50 bps, respectively.
• Fewer households expect price rises across food, non-food, and housing categories, indicating a softer inflation outlook.