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future inflation, among other factors. In turn, the
Bank of Russia’s monetary policy results influence inflation expectations. Achieving the inflation
target and maintaining inflation
232
25.07.2023
Inflation expectations increase
25 July 2023
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In July 2023, household inflation expectations for the year ahead rose to 11.1
233
24.07.2023
Most regions report higher inflation in June
24 July 2023
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The key reason is that consumer demand is rising while
annual inflation rate will continue to rise in
the coming months, also due to the current faster price growth.
INFLATION, CORE INFLATION, AND UNDERLYING INFLATION
235
14.07.2023
Annual inflation continues to rise in June, monthly price growth speeds up
14 July 2023
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In June, annual inflation rose
future inflation, among other factors. In turn, the
Bank of Russia’s monetary policy results impact inflation expectations. Achieving the inflation
target and maintaining inflation
237
26.06.2023
Households’ inflation expectations and companies’ price expectations decrease
26 June 2023
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In June 2023, households’ inflation expectations dropped to a
May were 0.91% lower on average than last year.
INFLATION, CORE INFLATION, AND UNDERLYING INFLATION Chart 1
(% GROWTH, YOY)
63х170
20 2.0
18
239
19.06.2023
Annual inflation stays low in May, although rising gradually again in most regions
19 June 2023
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Consumer activity was recovering
240
15.06.2023
Annual inflation is 2.5% in May, monthly price growth stays moderate
15 June 2023
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In May, annual inflation started