The Central Bank of Russia believes that since May, inflation in Russia will grow and reach 4.5-6.5% on an annual basis. TASS.
“According to the estimation of the Central Bank of Russia, when the low values of monthly increases in the summer period of 2022 are subtracted from the annual inflation account, the annual inflation rate will start to rise.” says message.
The Central Bank believes that annual inflation will return to 4% in 2024 and will remain at this level in the future, given the ongoing monetary policy.
It was previously reported that inflation in Russia is on an annual basis. slowed down This value, which decreased to 2.32%, was the lowest level since February 2020 with 2.3%.
From the analysis, it is understood that inflation was 2.42% on May 2, there was no price increase in the period from May 3 to May 10, food prices decreased by 0.06% and there was a slowdown in price increase. In addition, there is a decrease in fruit and vegetable costs.