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some experts to measuring inflation and taking it into account in its monetary policy, that is, not headline consumer inflation, but inflation adjusted for the

achieving net of the provisions made for them. Accrued interest receivable/ the inflation target. The key rate is set by the Bank of Russia payable

Tight monetary conditions should be maintained to enable a further decline in inflation and its stabilisation at the 4% target. More details are presented in

of Bank of Russia Governor Elvira Nabiullina. Owing to tight monetary policy, inflation slowed down to five-year lows, with the key rate consistently decreasing. The

1–9. https://doi.org/10.1177/001316446002000104. Duong, T. H. (2021). Inflation targeting and economic performance over the crisis: evidence from emerging market economies.

Policy Department Monthly Inflation in Russia (Russian and English editions) Monthly Inflation Expectations and Consumer Sentiment (Russian and English editions) Monthly Inflation Expectations and Consumer

expected in the next three months (in annualised terms)* • The average three-month-ahead inflation expected by businesses (in annualised terms) was 3.4% in May vs

debt and prolonged global value chain disruptions. That was followed by accelerated inflation in advanced economies, increased interest rates, weak global trade growth and heightened

and the Middle East. First, there is a risk of accelerating global inflation. Disruptions in trade chains and rising prices in global commodity markets are

curve estimates based on different measures of inflation. While Rubbo (2023) focuses on optimal monetary policy, measures of inflation, and Phillips curve estimation, the present