Monthly price growth slows down but remains high
18 May 2022
News
In April, a stronger ruble and the end of panic buying contributed to the slowdown in seasonally adjusted monthly price growth (to 1.5%). Its level remained high causing annual inflation to continue rising (up to 17.8%) in April.
The monetary policy pursued will create conditions for a gradual adaptation of the economy to the new conditions and the return of annual inflation to 4% in 2024.
More information is available in the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
Preview photo: Ag1100 / Shutterstock / Fotodom