In the Russian economy, an obvious downward trend in inflation has been recorded, which could reach 12.2% by the end of the year, Russian President Vladimir Putin said at a meeting of the Supreme Eurasian Economic Council (SEEC) in Bishkek.
“We have an obvious downward trend in inflation. This is important for all our countries, because macroeconomic indicators have shown in the Russian economy one way or another affect all the economies of our countries”, Putin said (quote from RIA Novosti).
“This year it [the inflation rate – Ed.] will be acceptable for our economy – about 12.2%. According to the results of the next quarter, it may already be somewhere around 5%, and maybe even lower,” he added. The Russian president focused on the fact that the eurozone countries are currently experiencing the highest inflation rates over the past 30-40 years.
“All double-digit values, and in some EU countries reach sky-high values for the European economy – 20 percent or more,” he stressed.
Recall that according to the forecast of the Ministry of Economic Development, inflation in Russia at the end of 2022 is expected to reach 12.4%. At the same time, the head of the ministry, Maxim Reshetnikov, did not rule out that inflation in the country could turn out to be even better than the forecast, fixing in the range of 12-12.4%. The Ministry of Economic Development predicts that in 2023 the inflation rate will slow down to 5.5%, and during 2024-2025 its rate will return to the target of 4%.
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