According to the official forecast of inflation expectations of the Central Bank of Russia, in the fourth quarter of 2024 inflation will range between 6.5% and 8.5%. By 2025, the regulator foresees 4.5-5%, with the target for the management of the Bank of Russia being 4%.
EADaily Remember that in the third quarter the Russian regulator recorded inflation of 11.1%. In the first and second quarters: 5.9% and 8.7%, respectively.
“The revision of the forecast is a consequence of more significant and sustainable inflationary pressure, in addition to taking into account certain measures in terms of increasing regulated rates and prices and clarifying budget parameters,” – says the official statement of the Bank of Russia.
The Bank of Russia hopes that a strict monetary policy will allow reaching the 4% target only in 2026.
