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61
23.01.2026
Inflation hits five-year low in most regions in 2025
23 January 2026
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Inflation declined in 82 out of the 85
62
21.01.2026
Inflation in 2025 to be lowest since 2020
21 January 2026
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Annual inflation equalled 5.6% in 2025 as compared
policy in turn
impacts inflation expectations. Achieving the inflation target and maintaining inflation at
a consistently low level help anchor inflation expectations and reduce their
64
24.12.2025
Inflation expectations increase
24 December 2025
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According to InFOM’s survey, the estimate of inflation expected by households in one
pp), respectively. Trend inflation slowed less notably, i.e.
to 8.25% (by 0.23 pp).
INFLATION, CORE INFLATION, AND TREND INFLATION
(% CHANGE YOY)..............................................................................................................................................................................................................................................................................................................................................................................................Chart
66
12.12.2025
return inflation to the target of close to 4%.
More details are available in the new issue of the information and analytical commentary Inflation in
67
09.12.2025
is narrowing, which is set to exert further downward pressure on inflation.
To bring inflation back to target, monetary conditions need to stay tight for
2025
Expected inflation (one year) Expected inflation (one year), three-month average
Expected inflation (five years) Observed inflation
Observed inflation, three-month average Annual inflation
Sources: InFOM,
69
02.12.2025
stylized facts about inflation expectations, we compare all the combinations of question about them. We find that implied perceived inflation and inflation expectations are higher
70
27.11.2025
Inflation expectations increase in November
27 November 2025
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According to InFOM’s survey, the estimate of inflation expected by households