The Central Bank expects a slowdown in inflation in Russia by the end of the year

Pro-inflationary risks in Russia have increased, however, the Central Bank maintains the previous forecast for a decrease in inflation in 2022 to 4-4.5%. This is stated in the information and analytical commentary "Dynamics of consumer prices", published on Wednesday on the website of the regulator.

In the future, the inflation rate will be close to 4%, the Central Bank expects.

On December 28, the head of the regulator, Elvira Nabiullina, in an interview with Russia 24 TV channel, announced her expectations of the maximum effect from key rate increases by the end of 2022 - inflation of 4.0-4.5%. 

Inflation in Russia at the end of 2021 amounted to a six-year record of 8.39%. 

Consumer price index from January 11 to January 14, 2022, according to Rosstat 

Speaking at the Gaidar Forum, Nabiullina said that without raising the key rate, the inflation rate in the country would be 4% higher.