Inflation decelerated in January

After accelerating in November and December 2020 to 0.9% mom, inflation in the first month of the new year eased to the level of 0.6% mom seen in October last year. The weakening of price growth in January was traced across all components of the consumer basket. In annual terms, the price index decreased slightly to 7.4%. At the end of 2021, we forecast inflation slowdown to 6.5% yoy under the pressure of weak dynamics of household spending.