Bank of Russia forces 4-percent inflation

Bank of Russia forces 4-percent inflation

© Photo: Maria Novoselova / Vestnik Kavkaza

Inflation in Russia will return to target levels in 2024. In 2023, inflation will range from 4.5 to 6.5%.

According to the forecast of the Central Bank of the Russian Federation, in 2024, inflation in the country will return to the target level of 4%. The relevant message appeared in the regulator's Monetary Policy Review.

"Annual inflation fell to 4% in 2017, for 2017-2021, it averaged 4.2%. After a jump in early 2022, inflation began to decline rapidly. It is expected to return to the target level in 2024,”

– Central Bank of the Russian Federation informs.

This year, the regulator predicts 4.5-6.5% inflation.

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