Russia Signals Rapid Inflation Slowdown as Weekly Rate Hits 0.04%
Officials credit Central Bank measures alongside government policy for a faster‑than‑expected slowdown toward roughly 6%.
Overview
- Vice Premier Alexander Novak said inflation is decelerating quickly and should be about 6% by year‑end, possibly slightly higher.
- Novak cited an operational reading showing just 0.04% inflation over the latest week.
- He said actions by the Bank of Russia plus government measures are helping drive the disinflation.
- Economic Development Minister Maxim Reshetnikov noted inflation is tracking well below the ministry’s earlier 6.8% forecast.
- President Vladimir Putin earlier indicated 2025 inflation would come in near 6%, lower than prior official projections.