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4.2 Inflation
4.2.1 CPI dynamics
30 RUSSIA Country Report November 2018 www.intellinews.com
Inflation remains at record low levels but broke back above 3% in the summer and is expected to rise slowly for the next year to around or above the CBR’s target level of 4%.
The outlook for inflation is complicated by the US sanctions regime and its effect on the RUB/USD exchange rate, amongst other factors, which will become clearer in the autumn.
Consumer Price Index (CPI) inflation in Russia in September remained on
