Putin: inflation in Russia to total around 12% in 2022

Putin: inflation in Russia to total around 12% in 2022

Inflation in Russia will total around 12% in 2022, Russian President Vladimir Putin said at a meeting on economic issues.

"There is every reason to expect that inflation will total around 12% this year," Putin said.

According to a number of experts, the trend for inflation to decrease will continue, he said.

Russia managed to quickly stabilize the inflation situation, with inflation reaching a peak of 17.8% in April and falling to 14.1% by September 5, Putin said.

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