Ministry of Economic Development raises Russia’s 2023 inflation forecast to 5.3%

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According to the results of the current year, the Ministry of Economic Development (Ministry of Economic Development) expects the inflation rate in Russia to be at the level of 5.3%. The forecast has been improved from the September forecast of 5.5%, opens the words of the head of the department Maxim Reshetnikov agency “Prime”.

As of April 10, annual inflation rate in Russia slowed down to 3.15%. For comparison, earlier this month the figure was 3.29%. At the same time, according to the results of last year, consumer prices in Russia increased by 11.9 percent.

“According to this year’s results, it will be at the level of 5.3 percent. Why? Tariff indexing will not be done. We had a good harvest last year and we are already getting positive evaluations from the Ministry of Agriculture for this year.” Economic Development.

April 11 Russian President Vladimir Putin declarationIt was stated that for the first time in a long time, inflation in the country remained below 4%, the target of the Central Bank. As of April 3, inflation fell to 3.3% yoy and is expected to fall below 3% by the end of the month.

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