Mishustin: Inflation in Russia at the beginning of May is the lowest in Europe

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At the beginning of May, inflation in Russia fell to 2.3% year-on-year. This was expressed by Russian Prime Minister Mikhail Mishustin at the Russian-Chinese business forum in Shanghai, he writes. TASS.

According to the Prime Minister, this is the minimum figure among all European countries.

Mishustin pointed to other positive trends in the country. According to him, the unemployment rate in Russia is at a record low, at only 3.5%.

Former Central Bank of Russia (CBR) published He announced the results of nearly two years of research in his Monetary Policy Review (MPR) and also announced the start of public consultations with companies and banks on the optimum level of inflation.

The regulator announced the completion of the first exploratory phase of its monetary policy review. Now the Central Bank is launching the second phase of the review – consultations with the public: to be held in the summer of 2023 with the participation of professional and non-professional audiences, including at the regional offices of the Bank of Russia. The main question is whether it makes sense to lower the core inflation indicator from 4% to 2%.

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