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04.02.2025
Talking Trends: economic growth and inflation stay elevated
4 February 2025
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According to high-frequency indicators and surveys, the economy was
79 pp to 8.65%. Estimated
trend inflation increased to 9.20%.
INFLATION, CORE INFLATION, AND TREND INFLATION Chart 1
(% CHANGE YOY)
20
16
12
113
23.01.2025
of Russia forecasts that annual inflation across Russia in general will return to 4% in 2026.
More details on inflation in each Russian region are
114
21.01.2025
prices decreases, is called deflation.
Inflation
November 2025
6.6%
Inflation target
4.0%
Consumer price index as an inflation indicator
Price movements in the
2024
Expected inflation (one year) Expected inflation (one year), three-month average
Expected inflation (five years) Observed inflation
Observed inflation, three-month average Annual inflation
Sources: InFOM,
Oct. 11, 2024).
Golob, J. E. et al. (1994). Does inflation uncertainty increase with inflation? Economic Review-Federal
Reserve Bank of Kansas City, 79:27–27.
pp to 7.86%, respectively. Estimated trend inflation was up to 8.87%.
INFLATION, CORE INFLATION, AND TREND INFLATION Chart 1
63х170
(% CHANGE)
20
16
118
27.12.2024
on the inflation expectations’ uncertainty
Ilya Gurov, Daria Elitsur, Evgeny Inozemtsev, Vasily Zuev, Julia Krotova, Denis Mamontov, Elena Ostrovskaya, Henry Penikas, Mikhail Belov
Inflation expectations
119
25.12.2024
Annual inflation goes up in most Russian regions in November
25 December 2024
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Annual price growth sped up in 70
120
25.12.2024
Inflation expectations climb
25 December 2024
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December 2024 saw one-year-ahead household inflation expectations increase to 13.9% from 13.4