Usually, inflation will be 9.1-9.8% per year – one and a half times higher than the October estimate.
The Bank of Russia at a meeting on February 14, for the second time in the next, decided not to change the basic rate and the forecast for inflation increased. The Moscow Times reported this reference to the central bank of the Russian Federation.
The central bank rate that manages the cost of economic loans and the profitability of rubles investments will remain at the level of 21% – the highest for Russia since 2002.
Noted that the sustainable inflationary pressure has increased. An annual inflation on February 10 accelerated by 10% from 9.5% to the end of last year and 7.4% in 2023. The monthly inflation rate was even higher: with an amendment for the time of fourth Last year’s quarter in the annual terms, they reached 12.1%. The weakening of the ruble that occurred in the fall also accelerates the dynamics of prices.
The forecast of the central bank for inflation has increased dramatically. If in October there was a wait for its level of 4.5-5%, it would now be 7-8%. Usually, inflation will be 9.1-9.8% per year – one and a half times higher than the October estimate.
Earlier it was reported that in the Russian Federation, food prices rose to a 9-year maximum. According to the results of 2024, inflation in Russia has accelerated by almost a third.
Source: korrespondent
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