OREANDA-NEWS   Prices in Russia will rise by 7.6 percent, follows from the draft scenario conditions for the socio-economic development of the country in the coming years, which the Ministry of Economic Development of the Russian Federation submitted to the government. As RIA Novosti notes, earlier it was about annual inflation of 4.5 percent.

Against the background of such a sharp increase in the indicator, the ministry still expects it to decrease in 2026 to the Central Bank's target level of 4 percent, while remaining within the same limits in 2027 and 2028.

On the contrary, the authorities lowered the forecast of the average annual dollar exchange rate, citing data on oil prices and the trade balance, from 96.5 rubles to 94.3 rubles.

Analysts surveyed by the Bank of Russia expect inflation in Russia to reach 7.1 percent in 2025. Their April forecast was 0.1 percentage points higher than a month earlier. The regulator also stated that the inflation expectations of the population increased from 12.9 to 13.1 percent in the country.

"We are very worried that inflation has been above our target for four years now, because accelerating inflation directly affects people's real incomes," Central Bank Governor Elvira Nabiullina said earlier in the State Duma. According to her, peak inflation will be in Russia in the months remaining until the end of spring.