The head of the Kremlin assured that by the end of the year, inflation will be 5% in Russia. But only Ukraine had an indicator of 5.1% at the end of the year.
Inflation in Russia at the end of 2023 reached 7.4%. Russian President Vladimir Putin said this at a government meeting on Wednesday, January 17, the Russian publication reports. Kommersant.
“Over the ten months of last year, the real wage growth was 7.7%, which is not bad, but, taking into account the inflationary processes, it is necessary to compare them with each other,” assured the head of the ruling regime of the Russian Federation. .
According to him, Russia’s GDP growth by the end of 2023, according to updated data, may be higher than 3.5% due to high consumer demand and investment.
Putin promised in June 2023 that inflation in Russia by the end of 2023 will be about 5%. He called it a “normal level” for the country’s economy. However, already in December, the President of the Russian Federation nevertheless admitted that inflation in 2023 may accelerate to 7.5-8%.
Let’s remember that the inflation forecast of “about 5%” of the Kremlin leader “came true,” but not in Russia, but in Ukraine. In December, inflation in Ukraine was 5.1%.
We previously reported that inflation in Russia may exceed the Central Bank’s September forecast of 6-7%.
Source: korrespondent
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