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further on. In November 2019, annual inflation DISTRIBUTION OF GOODS AND SERVICE PRICE Chart 1 GROWTH, INFLATION AND CORE INFLATION decelerated again, to 3.5

Non-monetary Inflation Factors in 2017–2019', analysis of the role of non-monetary factors is as important as ever. Over the period under review, inflation and

Inflation slows again in November 16 December 2019 News Share VKontakte WhatsApp Telegram Supply in food markets expanded, bringing down inflation further to 3.5

observed and expected inflation Expected inflation estimates were below the current figures. Observed inflation The estimates of observed and expected Annual inflation inflation went down

Households’ inflation expectations drop to May 2018 low Households’ inflation expectations went down to 8.3% in November as compared to 8.6% in October,

PRICE Chart 1 by 0.1%. Annual inflation slowed down to 3.8% GROWTH, INFLATION AND CORE INFLATION (-0.2 pp as compared to September,

Fast decline of food inflation continues in October 14 November 2019 News Share VKontakte WhatsApp Telegram In October, annual inflation slowed down to 3.8

Bank of Russia policy helps anchor inflation close to 4% 6 November 2019 News Share VKontakte WhatsApp Telegram Inflation will anchor close to 4% after

and Expected inflation annual growth (Chart 4 of the Report). At the Observed inflation Annual inflation same time, the estimates of future inflation relative to

type of model specification. Instead of forecasting inflation levels, inflation surprises (the deviance between inflation level and inflation forecast) can be predicted. Phillips–curve dependence