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Inflation in most economies stayed above targets over 2024
Inflation worldwide. Both advanced economies and EMEs recorded a downward trend in inflation.
However,
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and stable inflation in Russia. Price stability is a prerequisite for balanced and sustainable economic growth.
When implementing monetary policy, we follow the inflation targeting
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02.09.2025
events.
Whatever the scenario, monetary policy will be aimed at returning annual inflation to 4%. To this end, the Bank of Russia will implement appropriate
exceeded the figures of 2017–2019, when inflation was close
to the target (Chart 10).
The average three-month-ahead inflation rate expected by businesses (in annualised
Индекс потребительских цен (ИПЦ) складывается из двух компонент:
- внутренняя инфляция (domestically generated inflation), которая зависит от
разрыва выпуска;
- инфляции цен импорта (зависит от валютного курса
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mitigate negative consequences for inflation and economic growth.
5. Households’ and businesses’ perception of inflation and inflation expectations
Economic agents’ inflation expectations influence how efficiently
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22.08.2025
mitigate negative consequences for inflation and economic growth.
5. Households’ and businesses’ perception of inflation and inflation expectations
Economic agents’ inflation expectations influence how efficiently
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22.08.2025
of inflation is characterised by underlying inflation, as well as indices excluding individual volatile categories (e.g., inflation excluding vegetables, inflation excluding petrol, core inflation,
return
inflation to the target in 2026. Future key rate decisions would depend on the speed and sustainability
of the decline in inflation and inflation
provided. The inflation item shows core inflation (Core PCE) for the US, core inflation (Core HICP) for the euro area, and core inflation (Core
CPI