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growth comes together with the shrinkage in GDP growth or rise in inflation. They base their findings on 2000-2012 data for four Asian economies. As

efforts to mitigate the impact of the pandemic have influenced lending and inflation. Since February, when the first signs of coronavirus spreading outside China manifested

Inflationary pressure close to 4% 11 November 2020 News Share VKontakte WhatsApp Telegram In October, annual inflation reached 4.0%. This was because monthly price

negative tors. These include, first of all, a favourable INFLATION, CORE INFLATION, AND AVERAGE ANNUAL INFLATION* Chart 6 (GROWTH AS A PERCENTAGE OF CORRESPONDING MONTH

Instruments are Inflation 4.3% Inflation 3.0% Inflation 3.7% Inflation targeting is “Floating rate and represented as a developed, the inflation targeting by

Jul-19 Jan-20 Jul-20 Truncation method Overall inflation Food Non-food Excluding the most volatile components CPI Services Inflation target Inflation target Source: Rosstat, R&F Department

adjusted, % Line – annual inflation, % (rhs); thin line – 3MMA SAAR Sources: Rosstat, Bank of Russia’s estimates 7 Inflation expectations – households Sep Oct Inflation observed and

by domestic and external conditions and the reaction of financial markets. Inflation dynamics. Inflation is developing in line with the Bank of Russia’s forecast

factors we considered today. Firstly, inflation processes are generally evolving in line with our baseline scenario. We forecast that inflation will come in at 3.

2020 2021 2022 2023 Inflation, as % in December year-on-year 3.0 3.9-4.2 3.5-4.0 4.0 4.0 Inflation, average for the