The Central Bank announced its inflation forecast for the coming months.
The head of the Central Bank's monetary policy department, Andrey Gangan, shared a comment on this topic.
By the end of 2024, annual inflation will reach 9.6–9.8%, Interfax reports.
The regulator's management expects that peak values of annual inflation will be observed in April next year.
Already in May, price growth will slow down and the situation will begin to stabilize.
Gangan stressed that the forecast is still approximate.
It will be possible to speak more precisely in February, when additional data will be collected before the Central Bank meeting on the key rate.
The regulator's representative noted that in the future, the measures taken by the Central Bank earlier will begin to have a stronger impact.
But at the same time, events that could increase inflationary pressure in the first and second quarters of next year cannot be ruled out.
Back in October 2024, the regulator expected inflation to slow to 4.5–5% in 2025.
But subsequently the balance of factors shifted and the forecast lost its relevance.
At the last meeting of the Central Bank, the regulator’s management left the key rate unchanged at 21%.
