Template-Type: ReDIF-Article 1.0
Author-Name: Evgeny Goryunov
Author-Name-First: Evgeny
Author-Name-Last: Goryunov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Pavel Trunin
Author-Name-First: Pavel
Author-Name-Last: Trunin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Maria Chembulatova
Author-Name-First: Maria
Author-Name-Last: Chembulatova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Inflation is slowing down, but the risks of price acceleration remain high
Abstract: At its meeting on February 13, 2026, the Bank of Russia lowered its key rate by 50 basis points to 15.5% per annum. In January, inflation slowed to 6.0% y/y. The overall consumer price level increased by 1.6% compared to the previous month. Pro-inflationary risks continue to prevail over disinflationary ones. Pro-inflationary risks include: the Russian economy deviating upward from its balanced growth trajectory, heightened inflation expectations, a growing budget deficit, and falling oil prices
Classification-JEL: E44, E52, E58
Keywords: Russian economy, Bank of Russia, inflation, key rate, budget deficit, oil prices
Year: 2026
Issue: 4
Month: March
Pages: 4
File-URL: https://www.iep.ru/files/RePEc/gai/mreoen/mreoen-2026-4-1494.pdf
File-Format: application/pdf
File-Function: Revised Version, 2026
Handle: RePEc:gai:mreoen:mreoen-2026-4-1494