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News Share VKontakte Telegram Макс Accelerating inflation in June matches the baseline Bank of Russia forecast which predicts an inflation drop to 5-6% at year-end

price of commodities, securities, exchange rate of a respective currency, interest rates, inflation rate, derivatives’ Individual Indicators Highlights prices, official statistical information, physical, biological and

due to a small increase in the growth of nominal wages with inflation being the same. This might have resulted from the indexation of wages

towards our target: annual inflation of 4% in late 2017 and further. Why do we need low inflation? (Although 4% inflation is low only for

inflation expectations improved (less than 1 standard deviation) – inflation expectations remain unchanged (± 0.2 standard deviations) – inflation expectations deteriorated (less than 1 standard deviation) – inflation

May saw annual inflation stabilising at its March-April readings (7.3%), beating the previously made assumptions for its potential rise. The current inflation data for

price of commodities, securities, exchange rate of a respective currency, interest rates, inflation rate, derivatives’ Individual Indicators Highlights prices, official statistical information, physical, biological and

the 4% inflation target by the end of 2017. Our inflation targeting principle is that the Bank of Russia does not curb inflation at all

the 4% inflation target by the end of 2017. Our inflation targeting principle is that the Bank of Russia does not curb inflation at all

rate cut based on estimates for inflation risks and alignment of inflation decline with the forecast trajectory.” Inflation risks: • Inflation expectation inertness • Lack of mid-term