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will cause a slight acceleration in Amid the consistent slowdown in inflation, inflation annual inflation and bring it closer to 4% without expectations continued to

of inflation in the last year dropped further, hitting fresh historical lows. As inflation becomes increasingly anchored at 4%, conditions will emerge for households’ inflation

interest rates, % Figure 6. Household inflation expectations, % 7 RUONIA minus current inflation Observed inflation Expected inflation RUONIA minus 12m ahead inflation forecast 30 6 28

inflation). We are slowly becoming accustomed to low inflation. This is evidenced by recent surveys. In this way, there was no downward movement in inflation

annual inflation indicators reflecting the most sustainable price movements are somewhat below 4%. The slowdown of inflation was conducive to a decline in inflation expectations,

inflation). We are slowly becoming accustomed to low inflation. This is evidenced by recent surveys. In this way, there was no downward movement in inflation

for actual household household Bloomberg actual household household Bloomberg inflation inflation inflation consensus inflation inflation inflation consensus expectations expectations forecast expectations expectations forecast for the

conduct operations with foreign currency. rate of a respective currency, interest rates, inflation rate, derivatives’ prices, official statistical information, physical, Individual Indicators Highlights biological and

meets the ultimate objective of the monetary policy considering the assessment of inflation risks and economic growth prospects. The Bank of Russia seeks to meet

and Eastern Europe in 1994–2010. The authors use GDP growth and inflation rates as control macroeconomic variables; the work also includes an extensive pool