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Q4
2025 Q1
average
2020
2025
2022
2023
2024
2018
2019
2021
Dec Jan Feb
Business Climate Indices
Composite 2.5 3.4 -4.8
LS2002.Nov LS2010.Jul LS2007.Aug LS2010.Aug AO2002.Dec const LS2007.Jul
AO2013.Dec LS2002.Dec LS2015.Jan LS2007.Sep LS2010.Sep AO2007.Sep
1.12
26
Central Bank Survey
(millions of rubles, end of period)
Dec, 2023 Jan, 2024 Feb, 2024 Mar, 2024 Apr, 2024 May, 2024 June,
growth corresponding to an infla-
tion rate of 4% MoM
Dec. Dec. Oct. Nov. Dec. 2.0
2023 2024 2025
% YoY 1.5
All goods
2025 Q1
average
2020
2025
2022
2023
2024
2018
2019
2021
Nov Dec Jan
Business Climate Indices
Composite 2.5 3.4 -4.8 4.
1.12
26
Central Bank Survey
(millions of rubles, end of period)
Dec, 2022 Jan, 2023 Feb, 2023 Mar, 2023 Apr, 2023 May, 2023 June,
Aug 12
Sep 16
Aug 19
Sep 23
Dec 14
Nov 17
Dec 21
Nov 24
Dec 07
Nov 10
Oct 13
Apr 17
Oct
Mar’21 Apr’21—Feb’22 Mar’22—Aug’24 Sep’24—Dec’24
main bank 0.093 0.115 0.102 0.085 0.
2024 Q4
2025 Q1
2020
2022
2023
2024
2019
2021
Oct Nov Dec
Business Climate Indices
Composite 3.4 -4.8 4.7 -0.2
3 13.4 4.0 4.6 5.0
Oct
Mar
Nov
Dec
Apr
May
Jul
Aug
Jan
Jun
Feb
Sept
Core inflation
Food 12.