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4 price dynamics No. 11 (35) november 2018 Inflation forecast Chart 5 Inflation is forecast to rise Inflation is expected to rise to 3.8-4.

tax policy will send inflation higher in 2019 H1. Moving forward, inflation will decline sustainably. The Bank of Russia forecasts annual inflation to be between

No. 10 octoBER 2018 INFLATION EXPECTATIONS AND CONSUMER SENTIMENT Moscow INFLATION EXPECTATIONS octoBER 2018 No. 10 (22) AND CONSUMER SENTIMENT 1 INFLATION EXPECTATIONS AND CONSUMER

Russians’ inflation expectations decline 30 October 2018 News Share VKontakte WhatsApp Telegram October saw households' inflation expectations decline to 9.3% from 10.1% in

year. Annual inflation will return to 4% in the first half of 2020. Table 1 Consumer price dynamics (%) Sep-16 Sep-17 Jul-18 Aug-18 Sep-18 Inflation – month

Trend towards inflation gradually rising to target continues into August and September 18 October 2018 News Share VKontakte WhatsApp Telegram Annual inflation rose from 3.

2018 INFLATION EXPECTATIONS AND CONSUMER SENTIMENT Moscow INFLATION EXPECTATIONS SEPTEMBER 2018 No. 9 (21) AND CONSUMER SENTIMENT 1 INFLATION EXPECTATIONS AND CONSUMER SENTIMENT Households’ inflation

compare the efficiency of two inflation targeting regime – pure and mixed (hybrid). Pure inflation targeting is a regime under which inflation is the only variable

inflation to a level above 4% in the course of 2019. The Bank of Russia’s policy fosters reduced inflation risks and helps anchor inflation

2018 INFLATION EXPECTATIONS AND CONSUMER SENTIMENT Moscow INFLATION EXPECTATIONS august 2018 No. 8 (20) AND CONSUMER SENTIMENT 1 INFLATION EXPECTATIONS AND CONSUMER SENTIMENT Households’ inflation