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sectors. Fewer companies referred to government regulation and changes in the ruble exchange rate as the reasons behind expected price growth. LABOUR MARKET. In January

health resort services remained elevated. EXCHANGE RATE Over the period from May 2025 to February 2026, the ruble exchange rate against the main currencies stayed

markets. Firms change their prices depending on many factors, such as inflation, exchange rates, the phase of the business cycle, firms’ financial position, etc. Marya

Russia Floating Managed floating exchange rate exchange rate within the operational Advancement of the monetary instrument system Strategy adjustment target Exchange rate policy adjustment Development

delivery of digital currency. Consideration will also be given to including the exchange rate (price) of a digital currency in the list of determining factors

exchange rate movements on price changes is called the ‘pass-through’ and is often analysed as an independent inflation factor. A quantification of the Exchange Rate

targeting regime involves a floating exchange rate determined by supply and demand in the currency market. Under the floating exchange rate regime, the Bank of

basket components sensitive to the exchange rate rose, as did the median of components weakly sensitive to the exchange rate (Figure 7). These indicators have

well as the wealth of investors (the welfare channel), and the ruble exchange rate (the foreign exchange channel). Through any of these channels, higher market

exchange rate is hovering in the range of the previous year. It is too early to speak of a clear trend forming. The exchange rate