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annual inflation. Inflation expectations of households and businesses are high and have slightly grown relative to the summer months. The updated forecast assumes inflation for

very effective tool for controlling inflation. I can give you an example. In February this year, when inflation and inflation expectations soared, it was the

2023 2024 2025 (actual) Inflation, as % in December year-on-year 8,4 12.0-13.0 5.0-7.0 4.0 4.0 Inflation, average for the

annual inflation. Inflation expectations of households and businesses are high and have slightly grown relative to the summer months. The updated forecast assumes inflation for

and inflation, while influences short-term money market rates; lower ones stimulate them, creating conditions short-term rates influence long-term rates and for a rise in inflation.

adapt, finding new counterparties and redirecting export supplies to the east. Annual inflation is still on decline, but consumer prices went upwards in September compared

disinflationary factors faded out. Annual inflation remained on a downward path. The current monetary policy stance will help slow down inflation to 5–7% in

and longer) rates reflected market participants' fears of a possible acceleration in inflation in the medium term. The inflow of household funds into the banking

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,

pass-through of a stronger ruble to prices, and lower export prices. Annual inflation has been slowing down for the fifth month in a row, reaching