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71
26.03.2026
prices decreases, is called deflation.
Inflation
July 2026
6.0%
Inflation target
4.0%
Consumer price index as an inflation indicator
Price movements in the
72
25.03.2026
Inflation expectations change slightly in March
25 March 2026
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In March 2026, estimated inflation expected by households in one year
73
12.03.2026
Talking Trends: economic growth and inflation normalise
12 March 2026
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In early 2026, economic activity slowed down, returning to a
2026
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,
INFLATION BY GROUP OF GOODS AND SERVICES
(PP)............................................................................................................................................................................................................................................................................................................................................................................................................................................. Table 8
Fruit and Inflation over Non-core
Food products Non-food goods Services Core inflation
vegetables period, % inflation
76
26.02.2026
Inflation expectations decline
26 February 2026
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According to InFOM’s survey, the estimate of inflation expected by households in one
77
18.02.2026
stance, annual inflation will fall to 4.5–5.5% in 2026, as forecast by the Bank of Russia. From 2027 onwards, annual inflation will
2026
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,
79
03.02.2026
Households’ inflation expectations remain unchanged
3 February 2026
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According to InFOM’s survey, the estimate of inflation expected by households
between cumulative non-food inflation since 2016 and CPI
inflation and between CPI inflation and food inflation. However, the gap between cumulative
services inflation excluding housing