Talking Trends: Economic activity rebounds in early Q3

Weekly data point to a gradually changing inflation landscape. The share of goods and services with annualised price growth rates above 4% has been steadily growing since July. Concurrently, the share of consumer basket components with declining prices has been shrinking. The current monetary policy stance will help slow down inflation to 5-7% in 2023 and help return it to 4% in 2024.

More details are presented in Talking Trends, a Bank of Russia bulletin.