Russian Finance Minister Anton Siluanov said that by the end of 2022, the price increase will be about 12%. About author TASS.
“We fought inflation. It will be about 12% by the end of 2022,” Siluanov said.
He stressed that the Finance Ministry’s inflation expectations for this year are “significantly high”.
Earlier, Siluanov predicted a 2.7% decline in Russia’s gross domestic product in 2022.
Russian President Vladimir Putin in September declarationInflation in Russia may stop at 12% at the end of the year. The president also did not rule out the possibility of reaching the targeted inflation rates – 4% – as early as next year. The Ministry of Economic Development estimated the price increase as 12% at the end of 2022 and 5.5% in 2023.
Central Bank Governor Elvira Nabiullina in December allowedAnnual inflation in Russia will slow down. In March-May 2023, it may fall below the regulator’s 4% target. According to the Central Bank, annual inflation was 12.0% in November. Compared to October, the indicator decreased by 0.6 points. According to the Central Bank’s forecast, annual inflation will decline to 5.0-7.0% in 2023 and return to 4% in 2024.