Reshetnikov acknowledged the problem of high inflation in Russia
According to the minister, currently the inflation rate in the country continues to be significantly higher than the target value of four percent per annum set by the leadership of the Central Bank (CB). At the same time, core inflation excluding food and energy resources in annual terms was not so high and amounted to 5.5 percent by the end of October.
"Inflation, yes, it is, of course, higher than the targets (...) In general, it has been growing, unfortunately, in recent months, but not so critically," Reshetnikov concluded during a speech at the VTB investment forum "Russia is Calling!".
Previously, analysts interviewed by the Central Bank predicted inflation at 7.6 percent by the end of 2023. The result obtained during the study turned out to be higher than the expectations of the regulator itself, which predicted an increase in consumer prices in the country at the level of 7-7.5 percent by the end of December.