The Ministry of Finance forecasts inflation in Russia in 2024 at 4.5% - Kommersant

The Ministry of Finance forecasts inflation in Russia in 2024 at 4.5% - Kommersant


Russian Finance Minister Anton Siluanov said that in 2024, inflation, according to the forecast of the Ministry of Finance, will be 4.5%, reports TASS from the exhibition-forum “Russia”.

“We predict a little more than 4% - 4.5%. But so that people don’t feel it, we are increasing all social payments by the predicted level.— “Kommersant”) inflation,” the minister said.

The Bank of Russia predicts that inflation will reach 4–4.5% by the end of 2024. First Deputy Chairman of VTB Dmitry Pyanov believes, that this result is “mathematically achievable” only if inflation falls to 2% in the second, third and fourth quarters of 2024. He proposed extending the period for achieving the inflation target. According to Sberbank's forecast, inflation will reach Central Bank target of 4% in 2025.

Read more about the regulator’s forecasts in the Kommersant article. “Not so much expensive, but long”.

Erdni Kagaltynov



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