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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
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
communications “Floating rate and
Inflation targeting is Instruments are Inflation below 4% Inflation 4.3%
represented as a developed, the inflation targeting
midterm goal in
median household inflation expectations went down in February as perceived
inflation rose. Household long-term inflation expectations also improved marginally.
According to Rosstat data, inflation stood
Chart 5
nominal wage growth (see the Labour market
section) and temporary inflation acceleration. A
Growth on December 2015, % SA
considerable contraction was registered in
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29.03.2019
benchmarks.
In their paper, researches from Brazil assess exchange rate pass-through to inflation and its relationship to central bank credibility.
Rуbert Ambri?ko (CERGE-EI and
2017 2018 2019
Observed inflation Expected inflation Year-on-year inflation
Source: LLC “inFOM”
5
Inflation expectations – businesses
Businesses expect Level of inflation embedded in the financial
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22.03.2019
constrained inflation acceleration. Furthermore, the ruble appreciated in the opening months of the year; this had a favourable effect on prices and inflation expectations.
Inflation
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22.03.2019
In February—March 2019, inflation is holding somewhat lower than the Bank of Russia’s expectations. Despite the fact that inflation expectations of households and
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22.03.2019
constrained inflation acceleration. Furthermore, the ruble appreciated in the opening months of the year; this had a favourable effect on prices and inflation expectations.
Inflation