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15.11.2019 7 News Index of Business Activity 20.11.2019 8 Russian Banking Sector Developments, information and analytical commentary 21.11.2019 9

7 Russian Banking Sector Developments, information and analytical commentary 21.11.2019 8 Economy, information and analytical commentary 29.11.2019 The reference to the

2 8.7 9.1 9.1 8.5 9.1 8.0 8.6 8.6 8.3 8.6 8.9 8.4

information regarding the repayment procedure 24/7 at the Agency’s hotline (8 800 200-08-05) and on its website (https://www.asv.org.ru/) in

5.6 5.1 Retail turnover 2.8 1.6 1.1 0.8 0.7 0.8 Paid services to households 1.4 -1.

on amending the Appendix to Bank of Russia Order No. OD-1839, dated 8 August 2019. The issue presents consolidated data on financial market sectors and

earlier, the slowdown of inflation drove households’ inflation expectations downwards (8.6% as compared to 8.9% in September). In October, respondents less frequently mentioned

1.8 1.8 Section G. Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods Sector G 47.8 48.

helpful for forecasting Russian inflation? 4 Contents 1. Introduction ........................................................................................................... 6 2. Data ........................................................................................................................ 8 3. Several state-space models ................................................................................. 9 3.1 Inflation equation specification ........................................................................................................... 9 3.