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Securities are the Bank of Russia’s investments in the achieving the inflation target. The key rate is set by the Bank debt securities of

IN INFLATION DUE TO PRICE CHANGES BY GROUP Table 5 OF GOODS AND SERVICES, YEAR-TO-DATE (PERCENTAGE POINTS) Food1 Non-food Services Fruit Inflation for Core inflation

IN INFLATION DUE TO PRICE CHANGES BY GROUP Table 5 OF GOODS AND SERVICES, YEAR-TO-DATE (PERCENTAGE POINTS) Food1 Non-food Services Fruit Inflation for Core inflation

ultimately affect the inflation rate? ELVIRA NABIULLINA: That is true, generally inflation is not very high in annual terms, but weekly inflation is slightly higher,

of this period of low economic activity on the medium-term forecast of inflation, inflation expectations, and economic development. CORE ECONOMIC INDICATORS Table 1 (GROWTH, % YOY,

rate (MIACR overnight) in 2004-2007 sat at just 5.8% with average inflation of 10%. This resulted in the growth of wages in the economy

for non-perishable goods. In addition, this new temporary rise in inflation is happening when inflation expectations of households and businesses are lower than in the

foremost, we are controlling inflation. Savings depreciate when inflation is high. We are doing our best to prevent a rise in inflation and to keep

the impact of this low economic activity on the medium-term forecast for inflation, inflation expectations and growth prospects. The February expansion in economic activity was

5.75 5.75 – Reuters survey (6.00) (6.00) 3. Implied inflation rate (OFZ-IN) (monthly average) February 2020 2.80 – OFZ-IN-52001 (until 16.08.