Speaking at the Eastern Economic Forum (WEF), Russian President Vladimir Putin said that inflation in Russia could stop at 12% by the end of the year. TASS.
“The unpredictable actions of Western authorities have also triggered global inflation, already updating the long-term records in advanced economies. As a result of July, inflation in the USA was 8.5%. We have a bit of that right now, somewhere around 14% – I’ll touch on that later, but the trend – unlike Western economies – is bearish. There – on the rise, with us – on the decline. “I think we will have around 12 percent by the end of the year,” Putin said.
He also added that there is a possibility of reaching the planned inflation rate – 4% – as early as next year.
“In any case, let’s look at the trends in this sense positively,” Putin summed up.
Earlier, Russian President Vladimir Putin at the Eastern Economic Forum (EEF) declarationThe unemployment rate in Russia is at its lowest level in history.