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Jun 2020 Jul 2020 - Dec 2021 Nov 21 Oct 21Jul 21 Jun 21 2.8 May 21 Apr 21 Sept 21 Dec 21 Aug 21

1.10 20 Central Bank Survey (millions of rubles, end of period) Dec, 2019 Jan, 2020 Feb, 2020 Mar, 2020 Apr, 2020 May, 2020 June,

5 4 0.0 0 -4 -0.5 -8 May Oct Nov Dec Mar Apr Jan Jun Jul Aug Sep Feb Jan-20 Jul-20 Jan-21 Jul-21

and Monetary Indicators Central Bank Survey (millions of rubles, end of period) Dec, 2019 Jan, 2020 Feb, 2020 Mar, 2020 Apr, 2020 May, 2020 June,

1. Inflation and its components Figure 1. Inflation and its components, % YoY Dec. Dec. Feb. Marc. Apr. 22 2020 2021 2022 20 % YoY 18 All

and Monetary Indicators Central Bank Survey (millions of rubles, end of period) Dec, 2019 Jan, 2020 Feb, 2020 Mar, 2020 Apr, 2020 May, 2020 June,

1. Inflation and its components Figure 1. Inflation and its components, % YoY Dec Dec Jan Feb Mar 22 2020 2021 2022 20 % YoY 18 All

and Monetary Indicators Central Bank Survey (millions of rubles, end of period) Dec, 2019 Jan, 2020 Feb, 2020 Mar, 2020 Apr, 2020 May, 2020 June,