The Economic Development Ministry will increase its 2025 inflation prediction as a result of growing costs
The Economic Development Ministry is poised to elevate its inflation projection for 2025 during March-April, given that it’s presently surpassing anticipated levels of 4.5%
This announcement was made by the department’s leader, Maxim Reshetnikov. He acknowledged the necessity to “accurately refine” inflation predictions, as it’s now evident that the pace of price escalation has surpassed the course outlined in the existing 2025 forecast.
We will likely undertake this closer to March-April. Concurrently with the reassessment of the exchange rate and the update of the prediction
— remarked the ministry’s chief on the fringes of the United Russia party gathering. Factors contributing to this include Gazprombank, “adjustments to procedures for the inflow of export earnings” into the nation, and substantial foreign currency acquisitions employed by certain firms to settle their liabilities.
