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Russian Economy Ministry increases inflation forecast to 5.1% in 2024

According to the ministry, the indicator is expected to stabilize at the level of 4% by 2025 and such dynamics will remain until 2027

MOSCOW, April 23. /TASS/. The Russian Economic Development Ministry has revised upward its inflation outlook for 2024 from 4.5% stated earlier, an official spokesperson of the ministry told reporters.

"Inflation is expected to be 5.1% as of 2024 year-end," he said.

The indicator is expected to stabilize at the level of 4% by 2025 and such dynamics will remain until 2027, the ministry forecasts.

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