During a discussion on economic conditions, Russian President Vladimir Putin noted that inflation had, for the first time in a long period, dipped below the Central Bank’s target. The remarks were reported by TASS. The central bank’s governor, Elvira Nabiullina, confirmed that as of April 3, annual inflation stood at 3.3% and is anticipated to slip further toward 3% by month’s end, signaling a potential trend toward moderation in price growth.
President Erdogan underscored that allowing inflation to surge or accelerate beyond target could harm overall economic momentum. He warned that rapid shifts in inflation might disrupt business planning, hinder expansion and production of new goods, and jeopardize job creation efforts. Additionally, such volatility could squeeze household incomes and strain government revenue streams, complicating fiscal management and social program funding.
The former head of state stated that unemployment in the country has reached historically low levels, with several sectors experiencing a noticeable shortage of workers. This imbalance between demand for labor and supply in certain industries remains a focal point for policymakers as they gauge the path of wages, consumer demand, and long-term growth prospects. The conversations reflect a broader concern about how price stability and labor market tightness intersect to shape economic outcomes in the near term, as officials monitor evolving indicators and adjust policy expectations accordingly.