05.12.2025, 13:51
The government expects inflation in Russia to reach 6% or slightly higher in 2025
Source: OREANDA-NEWS
OREANDA-NEWS Inflation in the Russian Federation is slowing down rapidly, and is expected to reach 6% in 2025, maybe a little higher, Russian Deputy Prime Minister Alexander Novak told reporters about the government's current estimates.
"Inflation is slowing down at a rapid pace. Over the past week, it was only 0.04%, which is significantly less than the target target that the Central Bank sets when it comes to weekly inflation (adjusted for seasonality in annual terms)," he said.
"At the end of the year, we expect the inflation rate to be from 6%, maybe a little higher. Let's see how it will be now in December," Novak announced the current estimates.
"In general, the measures taken by the Central Bank and the government have an impact on reducing inflation, and the president spoke about this at the Russia Is Calling forum," he added.
As reported, the increase in consumer prices in the Russian Federation from November 25 to December 1 was 0.04% after 0.14% from November 18 to 24. Since the beginning of the year, prices in Russia increased by 5.27% by December 1.
From the data for November and early December of this and last year, it follows that annual inflation slowed to 6.61% on December 1 from 6.92% on November 24, the Ministry of Economic Development estimated annual inflation.
In October, the Central Bank raised its inflation forecast for 2025 to 6.5-7% from 6-7%, and for 2026 to 4-5% from 4%, thereby shifting the achievement of the inflation target to 2027.
In September, the Ministry of Economic Development lowered its forecast for inflation in the Russian Federation in 2025 to 6.8% from April's 7.6%, and left 4.0% unchanged for 2026.
Russian President Vladimir Putin, speaking at the VTB forum "Russia is calling!" on Tuesday, said that inflation in Russia in 2025 will be lower than expected and will amount to about 6%. "The reduction in inflation has become an important achievement this year. While inflation was estimated at double-digit rates in March, it is now below 7% in annual terms. It is expected that by the end of December it will be about 6%, that is, below the forecasts of the government and the Central Bank," he said.
"Inflation is slowing down at a rapid pace. Over the past week, it was only 0.04%, which is significantly less than the target target that the Central Bank sets when it comes to weekly inflation (adjusted for seasonality in annual terms)," he said.
"At the end of the year, we expect the inflation rate to be from 6%, maybe a little higher. Let's see how it will be now in December," Novak announced the current estimates.
"In general, the measures taken by the Central Bank and the government have an impact on reducing inflation, and the president spoke about this at the Russia Is Calling forum," he added.
As reported, the increase in consumer prices in the Russian Federation from November 25 to December 1 was 0.04% after 0.14% from November 18 to 24. Since the beginning of the year, prices in Russia increased by 5.27% by December 1.
From the data for November and early December of this and last year, it follows that annual inflation slowed to 6.61% on December 1 from 6.92% on November 24, the Ministry of Economic Development estimated annual inflation.
In October, the Central Bank raised its inflation forecast for 2025 to 6.5-7% from 6-7%, and for 2026 to 4-5% from 4%, thereby shifting the achievement of the inflation target to 2027.
In September, the Ministry of Economic Development lowered its forecast for inflation in the Russian Federation in 2025 to 6.8% from April's 7.6%, and left 4.0% unchanged for 2026.
Russian President Vladimir Putin, speaking at the VTB forum "Russia is calling!" on Tuesday, said that inflation in Russia in 2025 will be lower than expected and will amount to about 6%. "The reduction in inflation has become an important achievement this year. While inflation was estimated at double-digit rates in March, it is now below 7% in annual terms. It is expected that by the end of December it will be about 6%, that is, below the forecasts of the government and the Central Bank," he said.
Комментарии