Ksenia Yudaeva, First Deputy Governor of the Central Bank of Russia, said that the Central Bank does not see the risk of annual inflation going beyond the forecast of 4.5-6.5% by the end of 2023. her words opensHit the lining.
“Current inflation has increased slightly from recent lows … within the forecast and within the current figures, I do not see any risk that we will go far beyond the forecast,” Yudaeva said. at the end of the year to go beyond the range stipulated by the regulator.
At the same time, he noted that the regulator will revise its forecast. It now assumes annual inflation will be in the 4.5-6.5 percent range this year and return to its 4 percent target next year.
Finance Minister Anton Siluanov said there was a slowdown in price growth compared to last year’s figures. He and Rosstat gave an annual inflation forecast of 3.2%. In May, the indicator was 2.51%, in April it was 2.31%.
Macroeconomic Analysis and Short-Term Forecasting Center Experts in your name Non-obvious factors of slowing inflation in Russia. The first is the general situation of the demand gap in the Russian economy, which is linked to the sanctions restrictions. Moreover, the trend was also affected by the formation of excess supply. We are talking about a surplus of raw materials in the domestic market. The third factor is that many foreign brands leave the domestic market and are replaced by Russian companies. Thanks to this, consumers stopped overpaying for expensive brands. And finally, the slowdown in inflation was affected by the increase in demand for the ruble due to the entry of new territories into Russia.
formerly Siluanov said about pessimists and optimists.