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2020 2021 2022 Average core inflation indicators Overall inflation CPI Inflation target Median (more than 500 components) Trend inflation Inflation target * Computed by the method

in 2024. Inflation movements. Current consumer price growth rates remain low, contributing to a further slowdown in annual inflation. In June, annual inflation fell to

main thing is the inflation forecast, and we make decisions based on our inflation forecast and the path needed to bring inflation back to the

Ural MR’s inflation on the Ural MR’s (5) inflation 0.1334 Weight of the Ural MR inflation in nationwide inflation (5) 0.7994

2021 2022 2023 2024 (actual) Inflation, as % in December year-on-year 8.4 12.0-15.0 5.0-7.0 4.0 Inflation, average for the year,

for obligations of other issuers of the Russian Federation, credit achieving the inflation target. The key rate is set by the Bank institutions’ promissory notes,

the Bank of Russia target. The monetary policy stance will help bring inflation back to 4% in 2024. More details are presented in Talking Trends,

last 20 years. Annual inflation slowed down again (to 15.9%). The monetary policy stance will pave the way for inflation to go down to

monetary policy amid lower proinflationary risks (including slower inflation, a stronger ruble, and a decline in inflation expectations). 5 The OIS (ROISfix) curve – indicative rates

2020 2021 2022 Average core inflation indicators Overall inflation CPI Median (more than 500 components) Inflation target Inflation target Trend inflation Source: Rosstat, R&F