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covers the main aspects of the discussion about the economic situation and inflation, monetary and external conditions, and alternatives to the key rate decision. When

CAPEX & OPEX Non-financial Carbon regulation credit companies OPEX & Ruble exchange CAPEX rate Inflation market currency Budget interest rate Key rate financial expenses 15 Main results

measures in these conditions in order to protect people’s incomes from inflation and the economy — from a situation where prices and the exchange rate

10 5 inflation Inflation % YoY Jan24 7.4 7.3 7.0 7.1 7.7 7.0 8.4 7.9 Core inflation % YoY

in general remained close to the January figures amid high demand. Annual inflation sped up in 59 regions in February as current price growth stays

February, the current inflation rate (seasonally adjusted) was considerably lower than in autumn but still above 4% in annualised terms. Annual inflation equalled 7.7

showed stronger growth, suggesting a decrease in medium-term market-implied inflation expectations. In February, other indicators of inflation expectations were also down but still remained elevated.

in prices for outbound tourism. This factor excluded, core inflation saw no significant changes. Households’ inflation expectations and businesses’ price expectations have continued to decline.

inflation. As regards the factors hampering the development of the industrial sector, this is exactly high inflation. Investment is much more strongly influenced by inflation

in prices for outbound tourism. This factor excluded, core inflation saw no significant changes. Households’ inflation expectations and businesses’ price expectations have continued to decline.