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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

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

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

inflation Non-food goods Foods goods Actual inflation Projected inflation Services CPI Sources: Rosstat, Bank of Russia Sources: Rosstat, Bank of Russia БАНК РОССИИ 11 Inflation

annual inflation was 4.8% (in May, 5.6%). The 11 ‘Trimmed mean inflation’ is an inflation series that has been trend towards slowing inflation

the rising growth will have no meaningful impact on the rate of inflation. According to the 18th edition of the ‘Banking sector liquidity and financial

decline in inflation expectations, which, due to sensitivity to price movements in individual food categories, have yet to be linked to the inflation target. Fluctuations

impact on inflation, exchange rate and inflation expectations. Inflation may exceed 4% if consumption grows faster than production capacities can sustain. Also, inflation risks may

follows. Inflation dynamics. Inflation stays close to 4%. In August, inflation totalled 3.3% following a short-lived rise to 4.4% in June. Inflation continues

impact on inflation, exchange rate and inflation expectations. Inflation may exceed 4% if consumption grows faster than production capacities can sustain. Also, inflation risks may