According to the predictions of the Research and Forecast Department of the Central Bank of Russia, it was learned that the price increase in Russia in recent weeks follows the high course in 2021, and if this continues, inflation may increase in the country at the end of the year. It was above the Central Bank’s estimate of 6-7%. This was reported by RIA News.
The Central Bank emphasizes that the increase in consumer prices accelerated to 14.6% on a monthly basis in September.
“Annual inflation increased from 5.2 percent a month ago to 6 percent. As of October 9, the annual inflation forecast increased to 6.3%. Price growth in recent weeks has followed the higher trajectory in 2021, Central Bank analysts said in a document.
They emphasized that if the monthly price increase continues close to the 2021 trajectory until the end of 2023, inflation may exceed the current forecast of the Bank of Russia.
Before that there is Russian Finance Minister Anton Siluanov statedHe said his department could return to the issue of changing basic taxes and personal income tax rates.
Earlier, Siluanov stated that the Russian budget remains socially oriented. The Minister announced that more than 30 percent of the budget goes to the social field.
Formerly Central Bank of the Russian Federation raised key rate up to 13%.