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who expect inflation to accelerate over the forthcoming year. This is evidenced by the inFOM survey commissioned by the Bank of Russia. Inflation expectation estimates

Russians expect noticeable inflation reduction throughout the year 4 March 2016 News Share VKontakte WhatsApp Telegram In February 2016, inflation expectations of the general public

Nonetheless, inflation risks will persist. Specifically, the note says that, given economic uncertainty, households’ inflation expectations are elevated. The marked deceleration of the annual inflation

serious impact on inflation 2 December 2015 News Share VKontakte WhatsApp Telegram According to the Central Bank of Russia, a higher inflation up to the

rate of previous year inflation times 0.7. This could add about 0.5 percentage points to inflation in 2014. Inflation target is defined in

assessment of inflation risks and the prospects of economic growth. The annual inflation rate remained low at 3.7% in March, while core inflation slowed

fixed inflation risks in the medium term. interest rates on deposit operations to contain vol- 2011 Q4 3 Inflation Dynamics Over 2011, the inflation rate

suggest that the corresponding inflation risks are decreasing. The current downward trend in inflation expectations may contribute to a slower inflation rate in the future.

included in the core inflation calculation accounted for an estimated 3.0 per- 2011 Q2 4 Inflation Dynamics Consumer price inflation (%) Growth June 2011 on

in core inflation calculation 2.5 1.5 Acceleration of growth by 1.0 Source: Rosstat. 2011 Q1 4 Inflation Dynamics Food price inflation (%) Growth