Talking Trends: gradual easing of inflationary pressure amid confident economic growth
16 April 2024
News
The Russian economy continued to expand steadily in 2024 Q1, according to recent statistics. Monthly price growth slowed down in March closer to 4% in annualised terms. The deceleration was attributed largely to one-off disinflationary factors, whereas the measures of underlying inflation remain elevated.
The supply of goods and services still lags behind high demand, and companies’ competition for labour resources is intensifying. Rising incomes are sufficient to increase both savings and consumption.
Inflationary pressure is easing but gradually, which is why monetary conditions should remain tight for a long period.
More details are available in the new issue of the macroeconomic bulletin Talking Trends.
Preview photo: Alexander Ryumin / TASS