Russia Officials See 2025 Inflation Near 6% as Slowdown Accelerates
A weekly reading of 0.04% is cited as evidence that policy steps are curbing price growth.
Overview
- Vice‑Premier Alexander Novak said inflation is decelerating quickly and should close the year around 6%, possibly slightly higher.
- Novak reported an operational weekly increase of 0.04%, pointing to the trend’s persistence.
- Economic Development Minister Maxim Reshetnikov said inflation is currently running well below his ministry’s 6.8% projection.
- President Vladimir Putin stated earlier this week that the 2025 inflation rate would be about 6%.
- Novak said measures by the Bank of Russia and the government are contributing to the slowdown in consumer prices.