Talking Trends: economic activity stabilises

Month-on-month price growth remains low.  As one-off disinflationary factors fade out, combined with the intensification of pro-inflation factors related to the labour market, a changing structure of the economy, and growing consumer confidence, fluctuations in inflation may emerge. The monetary policy stance aims to return inflation to 4% in 2024.

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