Consumer price growth remains high
24 March 2025
News
In February, seasonally adjusted current price growth continued to slow, while staying high. Annual inflation is still considerably above 4%. Underlying inflationary pressures remain high.
Nevertheless, certain conditions have emerged to enable the return of inflation back to 4% in 2026. The regulator will continue analysing the rate and sustainability of the decrease in inflation and inflation expectations. If price growth does not decelerate as fast as required to achieve the target within this period, the Bank of Russia will consider raising the key rate.
More details are available in the new issue of the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
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