Search results

impact of steady inflation factors will be weakening gradually. o In June, inflation rates and expectations were still elevated. Consequently, annual inflation exceeded 6%. As

continued confidence of investors that the Bank of Russia will ensure that inflation remains at the target level in the long term. • The return on

BASELINE (actual) 2021 2022 2023 Inflation, as % in December year-on-year 4.9 5.7-6.2 4.0-4.5 4.0 Inflation, average for the year,

the dependence of inflation in Russia on inflation in the USA? Should we expect inflation in Russia to be around 4% if inflation in the

stance, annual inflation will edge down to 4.0-4.5% in 2022 and will remain close to 4% further on. Inflation dynamics. Inflation is developing

labour and intersectoral competition for employees boosted a rise in wages. Inflation and inflation expectations remained elevated due to higher demand and costs. The worsening

for obligations of the Government of the Russian Federation, debt achieving the inflation target. The key rate is set by the Bank obligations of other

29. Altissimo, F., Benigno, P., Palenzuela, D. R., 2003. Long-run determinants of inflation differentials in a monetary union. NBER Working Paper Series 11473. Balassa, B.

May—June 2021. This was driven by rising real wages, still elevated inflation expectations, and expanding retail lending. As demand was growing, companies continued to

of Russia’s decisions to raise the key rate will help bring inflation back to 4% in 2022 H2 and subsequently stabilise it close to