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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 Expectations and Consumer Sentiment Inflation Expectations and Consumer Sentiment April 2026 March 2026 February 2026 January 2026 December 2025 November 2025 October 2025 September

Households’ inflation expectations decline in April 27 April 2026 News Share VKontakte WhatsApp Telegram According to InFOM’s survey, households’ estimates of inflation expected in

influences inflation The key rate and communication are the primary monetary policy tools. The Bank of Russia uses the key rate to affect inflation. This

0.16 pp), while trend inflation was down to 7.84% (-0.17 pp). INFLATION, CORE INFLATION, AND TREND INFLATION (% CHANGE)................................................................................................................................................................................................................................................................................................................................................................................................................Chart 1 20 16

Inflation in Russia Inflation in Russia Until September 2025, the material was titled Consumer Price Dynamics 2026 2025 2024 2023 2022 2021 2020 2019 2018

Assessment of Trend Inflation 15.04.2026 12. Inflation in Russia 15.04.2026 13. Talking Trends 16.04.2026 14. Inflation Expectations and Consumer

All indicators Inflation Inflation target 4.0% March 2026 5.9% Key rate from 27.04.2026 14.50% Main indicators of the financial market

achieving Assets are represented in the Bank of Russia balance sheet the inflation target. The key rate is set by the Bank of Russia net

low inflation. Key rate Since 27.04.2026 14.50% Inflation March 2026 5.9% Inflation target 4.0% The Bank of Russia maintains inflation