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FD MB MB MB
MBs' percentage in inflation % 2026 100 33 11 12 15 14 11 5
Inflation % YoY Mar26 5.9 5.7 5.
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30.04.2026
2% p.a. when investing pension reserves, which substantially exceeded the annual inflation rate of 5.6%.
The main source of NPFs’ investment income was
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28.04.2026
Guidelines for the Single State Monetary Policy
Price Dynamics: Facts, Assessments, Comments
Inflation Expectations and Consumer Behavior
'Regional Economy' Commentaries by Bank of Russia Main
4). Households’ inflation expectations edged up in March, staying above
the 2023–2025 average, despite a slowdown in annual inflation (Figure 5). High inflation
expectations
to expected inflation through the central bank’s reaction
function. Now we need to link expected and actual inflation.
To link inflation and inflation expectations,
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27.04.2026
and financial markets in financing aggregate demand; the long term money neutrality; inflation targeting as the ultimate goal of monetary policy; targeting the money market
677
24.04.2026
underlying inflation still exceeds 4% as a result of the demand overheating that was observed over previous periods. It continues to translate into inflation expectations
678
24.04.2026
As of 20 April 2026, annual inflation stood at 5.7%.
Inflation expectations have changed diversely since March. Households’ inflation expectations declined. Businesses’ price expectations
2025
2026 2027 2028
(actual)
Inflation, as % in December year-on-year 5.6 4.5–5.5 4.0 4.0
Inflation, average for the year,
into consideration when making decisions on
monetary policy to analyse and forecast inflation and identify key trends in the economic
development across Russia in general