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markets and financial institutions. TALKING TRENDS No. 4 / JULY 2020 4 1. Inflation Inflation slightly accelerated in June after a short pause in May. This

Instruments are Inflation 4.3% Inflation 3.0% Inflation 3.2% Inflation targeting is “Floating rate and represented as a developed, the inflation targeting by

Instruments are Inflation 4.3% Inflation 3.0% Inflation 3.2% Inflation targeting is “Floating rate and represented as a developed, the inflation targeting by

Bank of Russia calculations 3 Consumer prices Jun, , p.p. Inflation by main groups, core inflation (% YoY) YoY, % 11 and the Bank of Russia key

communication policy is to inform Russians about the role of steadily low inflation for economic growth and social well-being, about the Bank of Russia’s

work is that effects of shocks in MIACR on industrial production and inflation are not statistically significant. At the same time, such shocks have statistically

consists in adjusting the nom- inal exchange rates for the trade-weighted CPI-based inflation differentials between the do- mestic economy and its major trade partners. Although

barrel 64 38 40 45 Inflation, as % in December year-on-year 3.0 3.7-4.2 3.5-4.0 4.0 Inflation, average for the year,

in March — April, which is evidenced by stable inflation indicators, adjusted for one-off factors. Households’ and businesses’ inflation expectations have stabilised overall after the decrease

per annum. Disinflationary factors continue to exert considerable influence on inflation. Household and business inflation expectations have overall stabilised following a decrease in May-June. The