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inflation due to price changes by group of goods and services,
year-to-date (percentage points)
Food1 Non-food goods Services Fruit and Inflation for the Core inflation
inflation due to price changes by group of goods and services,
year-to-date (percentage points)
Food1 Non-food goods Services Fruit and Inflation for the Core inflation
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
Russia since 2015 (trend inflation) may be
categorised under this group of indicators.
Underlying inflation published since 2015 (trend inflation)
Inflation indicator cleared of all
registered in non-food purchases; this is associated with a rise in household inflation expectations amid the
weakening in the ruble and the forthcoming VAT hike.
2014
Inflation targeting Active inflation Liquidity Transition deadline Key rate introduced Floating exchange
announced targeting management set rate introduced
communications
Since Dec. 2017
Inflation targeting
8 3.6
Balance indicators of inflation (difference of shares of components with accelerating and decelerating inflation), %
Annual inflation -44.5 -41.9 -35.1
1938
05.10.2018
in sales of non-food purchases occurred on the back of rising household inflation expectations, triggered by the weaker ruble and the forthcoming VAT increase. An
1939
04.10.2018
factors of inflation such as competition among producers and retailers, logistics development, and available food product storage facilities. These factors may cause inflation to deviate
of perceived inflation Figure 9. Household expectations of ruble ex-
and household inflation expectations change rate movements
Perceived inflation USD-ruble exch. rate, % MoM
Inflation expectations