Reshetnikov says inflation in Russia fell to 2.6% in April

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In April 2023, the inflation rate in Russia was only 2.6%. In this respect declaration Economic Development Minister Maxim Reshetnikov at his working meeting with Russian President Vladimir Putin.

“We have a much lower public debt, we have significantly lower inflation. The data for April is now 2.6% overall,” Reshetnikov said.

According to him, in March, Russia had one of the lowest rates among developed countries – 3.5%.

In early May, RIA Novosti, citing data from research firm NielsenIQ reportedThe value of consumer optimism in Russia increased by 4% in the first quarter of 2023.

Prior to that, columnist Kenneth Rapoza wrote for Forbes that while Europe was suffering from the consequences of the conflict in Ukraine, the situation in Russia was much better.

Earlier, Central Bank Governor Elvira Nabiullina said that the Central Bank does not expect double-digit inflation in Russia in 2023. According to him, the Central Bank expects “some acceleration in inflation in sustainable components”, but does not expect double-digit figures for this indicator.

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