The Central Bank of Russia projects a 3.6% rise in annual inflation for the second quarter of 2023, a forecast outlined in an official regulator report. The document highlights that inflation for the year 2023 is anticipated to range between 4.5% and 6.5%, signaling cautious optimism about price stability while acknowledging ongoing pressures in the economy.
In a separate exchange, former President Vladimir Putin engaged with Maxim Reshetnikov, the Minister of Economic Development, to review the country’s economic trajectory. The discussions centered on the dynamics of key macroeconomic indicators and the potential tools to spur substantial investments. There was a strong emphasis on strengthening the support framework for small and medium enterprises, recognizing their crucial role in the country’s structural economic adjustments. Reshetnikov outlined strategies designed to sustain growth momentum, emphasizing that small businesses have become a powerful force in redefining Russia’s economic landscape.
During a working session with Putin, the minister also noted that in April 2023 the inflation rate stood at 2.6%. He added that March marked one of the lowest inflation readings among developed economies at 3.5%, underscoring Russia’s position in international comparisons during that period. The remarks reflect ongoing efforts to manage price pressures while fostering an environment favorable to investment and enterprise development.