According to the analysis of the Ministry of Economic Development, the annual inflation rate in Russia decreased to 7.4 percent as of January 15. “About the current price situation”.
The document states, “The growth in consumer prices in the period between January 10 and January 15, 2024 was 0.13%, or 7.40%, on an annual basis.”
According to Rosstat, inflation in the country reached 0.26% from January 1 to January 9, and the consumer price index reached 100.26%.
For the current year, the agency predicted that the price increase rate would be 4.5%, while the Central Bank predicted that it would be 4-4.5%.
Maxim Reshetnikov, head of the Ministry of Economic Development of the Russian Federation in September guess 2024 inflation rate. He said that inflation in the country will remain at a very high level next year.
Putin before commented The state of inflation in Russia.