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13.07.2016 11:59

Russian inflation slowed to 9% in June - Central Bank

The trend inflation in RF slowed to 9% compared to 9.3% in May according to Bank of Russia.

The trend inflation largely reflects the dynamics of core inflation.

"If present trends continue dynamics of prices and monetary aggregates, we expect a further gradual decline in inflation trend estimates", - stated in the comments of the Central Bank.

At the same time, the risks of deviations of inflation from the target at the end of 2017 remain. The trend inflation remains at a high level and decreases slowly, said the Bank of Russia.

The regulator started to publish an assessment of the trend of inflation in June 2015 According to the CBR, the assessment of the trend in inflation can be viewed as a long-term component of inflation and can serve as a reliable benchmark with respect to the implementation of monetary policy in comparison with the more volatile actual rate of inflation.

The indicator of the trend of inflation is taken into account by the Bank of Russia in making key interest rate decisions.

13.07.2016 12:00

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