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2. Inflation Monetary policy report and inflation expectations No. 3 (27) · September 2019 17 In June–August 2019, annual inflation Inflation and core inflation Chart

type of monetary policy, the key rate depends not only on the inflation rate but also on the growth of unsecured lending. The lean-against-the-wind policy,

the process. Muscovites and guests from other regions also tried to balance inflation with the key rate using a seesaw. Young Open Day guests put

prices Inflation slowdown Inflation by main groups, core inflation (% YoY) is continuing. In August and the Bank of Russia key rate (% p.a.) inflation declined

2.2%, while emerging markets and develop- in December 2017 (meanwhile, the inflation tar- ing countries registered a drop from 4.7% to 4.5

7.00 7.00 – Reuters survey (7.00) (7.00) 3. Imputed inflation rate (OFZ-IN) August 2019 3.51 – OFZ-IN-52001 (until 16.08.2023) (3.

and constitutes an underlying asset. rate of a respective currency, interest rates, inflation rate, derivatives’ prices, official statistical information, physical, Table 3.5 biological and

in inflation due to price changes by group Table 4 of goods and services, year-to-date (percentage points) Food1 Non-food Services Fruit Inflation for Core inflation

policy is aimed at maintaining price stability in the Russian economy. Keeping inflation sustainably low is essential for public welfare, a favourable business environment, higher

Review, 1, pp. 3–18. Oomes, N., Ohnsorge, F. Money demand and inflation in dollarized economies: The case of Russia. Journal of Comparative Economics. 2005,