27 Oct 2023 15:37

Inflation decelerating to 4%-4.5% in 2024 would be return to Russian Central Bank's target level - Nabiullina

MOSCOW. Oct 27 (Interfax) - The Central Bank of Russia (CBR) considers its forecast for inflation to decelerate to within the range of 4%-4.5% in 2024 to be a return to the regulator's target level, Central Bank Governor Elvira Nabiullina said at a press conference on Friday.

"Prices should increase 7%-7.5% this year, and inflation should return to the target of 4%-4.5% next year under pressure from monetary policy, after which it should consolidate at around 4%," Nabiullina said.