Russia: in February 2021 the Bank of Russia expected inflation of 4.0% for 2022; the outcome was 11.9%
Forecasts of 33 releases (2015–2024) for the next year: the outcome above the forecast 28 times, below 5; typical error +1.42 percentage points. The largest under-forecast in February 2021: 4.0% expected for 2022, the outcome was 11.9%. The largest over-forecast in December 2016: 4.0% expected for 2017, the outcome was 2.5%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →