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period. It is one of the most important indicators that describes the inflation processes in economy. Economically active population – persons at the age that is

will weaken, inflation will pick up steam, and credit quality will deteriorate. The primary factor of global risks is an unprecedented acceleration of inflation, which

assess each particular region’s contribution to the Russian economy, analyse current inflation processes, and learn information about the establishment and liquidation of organisations. An

which monetary policy influences demand and, market rates constrain demand and inflation, accordingly, inflation. This mechanism is based while lower ones stimulate them. In addition

fast as soon as banks offered deposit rates that were higher than inflation. In order to support people, we have expanded our educational and explanatory

MB MB MB MB MBs’ percentage in inflation % 2022 100 34 11 12 14 13 11 5 Inflation % YoY Oct22 12.6 13.2 12.

Price growth remains moderate in November 19 December 2022 News Share VKontakte Telegram Макс Annual inflation fell again, to 11.98%. Moderate demand and a

Average core inflation indicators USD exch. rate to the ruble (right axis) CPI Goods heavily dependent on exch. rate movements Inflation target Trend inflation Goods

solving and estimating non-linear models. 9 We exclude the inflation target shock from the model and inflation expectations from the observed variables to avoid the

include inflation expectations that stay elevated although the current inflation rate has remained decreased during several months already. Generally, inflation expectations follow the actual inflation