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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

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

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

Kumar, S., Coibion, O., Afrouzi, H., и Gorodnichenko, Y. (2015). Inflation targeting does not anchor inflation expectations: Evidence from firms in New Zealand. Brookings Papers

provide they mean inflation expectations, but also the relative probabilities (ranks) of inflation tail values. For respondents’ convenience, answers are structured by inflation value buckets

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 August 2026 July 2026 June 2026 May 2026 April 2026 March 2026 February 2026 January

to InFOM’s survey, one-year-ahead inflation expectations of households were 13.7% in August compared to 14.7% in July. Inflation expectations declined among respondents

2026 12 Inflation in Russia 16.09.2026 13 Assessment of Trend Inflation 16.09.2026 14 Information and analytical commentaries on inflation in Russian