THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
The Central Bank of the Russian Federation expects that inflation in the country at the end of this year will be at the level of 5-6% instead of 4-4.5%, which was previously predicted by the regulator, follows from the press service of the regulator.
Recall that earlier today the Board of Directors of the Bank of Russia raised the key rate by 1 percentage point at once to 9.5% per annum.
At the same time, the Central Bank stated that “inflation is developing significantly higher than the October forecast of the Bank of Russia.” “Annual inflation increased to 8.7% in January (after 8.4% in December 2021). As of February 4, it was 8.8%,” the regulator notes.
The Central Bank assumes that “taking into account the ongoing monetary policy, annual inflation will decrease to 5.0–6.0% in 2022 and return to the target in mid-2023”, and “in the future, annual inflation will be close to 4%” .
Recall also that, according to Rosstat, consumer prices in the country for the period from January 22 to January 28 rose by 0.19%, and in annual comparison, according to the estimates of the Ministry of Economic Development, inflation reached 8.82% against 8.64% a week earlier .
Russia ended last year with an inflation rate of 8.39%, which was more than double the target of the Central Bank of the Russian Federation.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
