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the inflation calculation. As of year-end 2021, inflation will equal 3.5–4.0%, subsequently stabilising close to 4.0%. LEADING INFLATION INDICATORS AND INFLATION

Russia’s information and analytical commentary ‘Inflation expectations and consumer sentiment’, businesses and financial market participants slightly increased their inflation expectations, while analysts’ forecasts for

inflation became more symmetric, while regions with higher inflation were still producing 0.3 a slightly heavier tail. The regional heterogeneity 0.2 of inflation

disinflationary influence of the overall decline Median Inflation in demand. Furthermore, the acceleration of Core inflation annual inflation was largely associated with the base effect,

July 2020 Inflation expectations and consumer sentiment 1 No. 7 (43) July 2020 Inflation expectations and consumer sentiment (July 2020) In July, inflation expectations changed

Annual inflation rises to 3.37% in July while month-on-month growth declines 12 August 2020 News Share VKontakte WhatsApp Telegram Price movements remained mixed in

retailers and mining sector companies declined. Implied inflation priced in OFZ-IN bonds stayed low throughout July. Analysts’ inflation forecast for 2020 and 2021 dropped below

2020 Inflation expectations and consumer sentiment 1 No. 6 (42) June 2020 Inflation expectations and consumer sentiment (June 2020) June recorded a decrease in inflation

percentiles 25–75 percentiles Annual inflation indicators reflecting the main Median Inflation price trends demonstrate that the effect of Core inflation one-off factors and the

Inflation expectations trend down in June 25 June 2020 News Share VKontakte WhatsApp Telegram Inflation expectations of both households and businesses continued to lower in