Putin expects inflation in Russia to fall to 5% in Q1 – agency

MOSCOW, Jan 15 (Reuters) – Inflation in Russia in the first quarter of 2023 could approach 5% compared to today’s level of 11.9%, Russian President Vladimir Putin said, according to Russian news agencies.

According to Putin, the situation in the Russian economy is not just stable, but quite satisfactory.

Inflation in the Russian Federation at the end of 2022 amounted to 11.9%, in the second quarter of this year, annual inflation may temporarily drop below the target of the Bank of Russia – 4%, the Ministry of Economics reported.

The Central Bank predicts consumer price growth in 2023 in the range of 5-7%. (Olesya Astakhova)

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