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because of the rise in global food prices and the weaker ruble. Exchange rate movements are also affecting non-food prices. According to our estimates, prices

driven mainly by the growth of prices for certain everyday goods and exchange rate volatility. Businesses’ price expectations increased over the previous months and remain

102.2 billion rubles Exchange rate. As of the end of the month, (Chart 14). Before this, non-residents were the exchange rate of the ruble

the ruble’s PRICES FOR CERTAIN NON-FOOD GOODS IN 2020 Table 2 exchange rate % GROWTH, ON THE SAME MONTH LAST YEAR In November, the pass-through

Exchange Rates and Reference Prices of Precious Metals 3.2.1. Official Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 84 3.2.2. Official Exchange

will continue to be influenced by short-term proinflationary factors such as the exchange rate pass-through, global food prices and supply-side constraints. In the medium-term, the

prices exerted additional pressure. Car prices increased on the back of the exchange rate fluctuations. The autumn rise in the coronavirus incidence did not lead

a year ago, opting for foreign and foreign exchange instruments, which in turn may impact the exchange rate. This sentiment should be closely monitored, including

movements. As before, -5 intermediate goods output was supported by -10 the exchange rate (Annex; Charts 1 and 2). -15 Investment goods. In October, the

Inflation targeting Active inflation Liquidity Transition deadline Key rate Floating exchange announced targeting management set introduced rate introduced Dec 2018 Dec 2019 Oct 2020 communications