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Talking Trends: economic recovery pauses

19 October 2022

The recovery of business activity slowed to a halt in September. The economy will have to adjust to new challenges that emerged at the end of Q3.

Monthly price trends went into reverse in September to show an upward movement as the effects of temporary disinflationary factors faded out. Annual inflation remained on a downward path. The current monetary policy stance will help slow down inflation to 5–7% in 2023 and return it to 4% in 2024.

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

Preview photo: Cristina Horvath / Shutterstock / Fotodom