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reach the announced inflation target of 5% by the end of the year. Although the inflation background remains high: in January inflation stood at 6.

is shifted a significant and sustained increase in inflation towards inflation exceeding target values, expectations, achieving inflation targets may especially in 2014. require a tighter

3 March 2014. The decision is aimed at preventing the risks for inflation and financial stability arising from the recent increase in financial market volatility.

of growth in monopoly prices are different when inflation is 15% and when inflation is 6%. Inflation always reflects the scale to show whether your

future movements will impact inflation expectations and goods prices. And it is medium-term inflation and not a short-term spurt in inflation that is of importance

February 2014. The slowdown in inflation occured due to the decline in the growth rate of food prices. Core inflation remained stable in the second

s export and import growth has been slowing since early 2010 while inflation, which has increased over the year, re- mains relatively low (3.1

25% as long as the unemployment rate remained above 6.5% and Inflation inflation for one-two years ahead was projected to be no more than

one of the most important eral government securities (placement redemption) and foreign inflation indicators. The CPI reflects a change of the overall level government loans

monetary policy in the context of inflation targeting 15—19 September 2014 Key issues: Conceptual and institutional aspects of inflation targeting The policy forecast and