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widened for many indicators. These include CPI inflation, unemployment rate, exports, imports, trade balance and oil price. • Inflation: Analysts have raised their forecasts for 2026

policy to ensure consistently low inflation. More details are available in the new issue of the information and analytical commentary Inflation in Russia. Preview photo:

the capacity utilisation rate remained significantly above the 2017–2019 level, when inflation was low. Further details are available in the April issue of the

the Bank of Russia CPI seasonal adjustment specifications (2026) Trend inflation estimates and modified core inflation Seasonally adjusted dynamics of consumer price growth Dynamics of

2025, assets of the Russian financial sector increased almost 3.5-fold, outpacing inflation. Non-bank financial institutions (NFIs) recorded faster growth compared to banks, with the

decline in underlying inflation. Some participants argued that anchoring inflation expectations at a lower level might require a period of underlying inflation running below 4

underlying inflation has decelerated. • Persistently elevated inflation expectations may impede a sustainable return of inflation to the target. In 2025 H2, measures of underlying inflation

to balanced growth, the role of macroeconomic policy, the importance of low inflation, and how volatile external conditions may affect the economy. The second plenary

VKontakte WhatsApp Telegram Money and bond market rates declined in March. However, inflation expectations of households and businesses remained elevated, and therefore real interest rates

possible when inflation is low) Solution: The Bank of Russia preserves the purchasing power of the ruble by ensuring low and predictable inflation Objectives: Foster