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Talking Trends: underlying inflation remains above 4% 14 October 2025 News Share VKontakte WhatsApp Telegram In September, seasonally adjusted monthly price growth was accelerated, driven

2025 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 expectations decline 24 September 2025 News Share VKontakte WhatsApp Telegram In September 2025, estimated inflation expected by households in one year decreased to 12.

inflation to the target in 2026. Further key rate decisions will depend on the sustainability of the decrease in inflation and changes in ANNUAL INFLATION

decline, annual inflation in August stayed considerably above the target. The Bank of Russia’s monetary policy is aimed at bringing annual inflation back to

volatile factors. Measures of underlying inflation remained within the range of 4.0–6.0%. Despite the decline, annual inflation in August stayed considerably above

2025 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,

Talking Trends: inflation decline ongoing 2 September 2025 News Share VKontakte WhatsApp Telegram Seasonally adjusted prices grew moderately in July—August, but for a one-time

Inflation expectations climb 27 August 2025 News Share VKontakte WhatsApp Telegram In August 2025, estimated inflation expected by households in one year rose to 13.

INFLATION BY GROUP OF GOODS AND SERVICES Table 8 (PP) Fruit and Inflation over Non-core Food products Non-food goods Services Core inflation vegetables period, % inflation