Novak announces Russian inflation rate for 2025

Alexander Novak announced Russia's economic growth over the past three years, as well as lower-than-expected inflation rates. According to Novak, inflation will reach 6% by the end of the year.

Russian Deputy Prime Minister Alexander Novak announced that inflation in the country will reach 6% by the end of the year. This is below expert forecasts, the official noted.

Novak also stated that Russia's GDP has grown by 10% over the past three years, despite the difficulties the country's economy has faced.

Inflation slowed to 0.42% in November, while in October, price growth amounted to 0.5%. According to the Ministry of Economic Development's estimates, inflation in Russia will reach 6.8% by the end of the year.