At a meeting where he discussed economic issues, Russian President Vladimir Putin said that for the first time in a long time, inflation remained below the Central Bank target in the country. TASS.
Central Bank Governor Elvira Nabiullina confirmed that as of April 3, inflation fell to 3.3% on an annual basis and is expected to fall below 3% by the end of the month.
“For the first time in a long time, inflation fell below the Central Bank’s target,” said President Erdogan.
He noted that both an acceleration and a slowdown in inflation should be avoided as it may adversely affect economic activity in general. According to him, this could disrupt business plans, especially to expand production, develop new types of products and create jobs. It can also affect the incomes of citizens and the volume of budget revenues.
former head of state declarationthat currently unemployment in the country is at a historically low level and there is even a “lack of workers” in many areas.