Russian President Vladimir Putin is doing everything possible to bring inflation rates back to target. This was announced on Thursday, December 16, by the presidential press secretary Dmitry Peskov.
“This is a complex process that requires a very complex, large, constant work, which, in fact, the Cabinet is doing. Inflation is high, and the president’s intention is to do everything possible to return it to the planned indicators as soon as possible, ”said a Kremlin spokesman.
He explained that there is pressure from both external and internal factors, and it is not weakening.
“And this pressure in the world economy is also felt, no less, and maybe even somewhere even more strong,” said Peskov.
On December 8, the head of the Ministry of Economic Development Maxim Reshetnikov said that the rate of inflation by the end of this year will exceed 8%. He explained that thus the rate of price growth will exceed both the official forecast of the Ministry of Economic Development – 7.4% and the expectations of the Bank of Russia – 7.4-7.9%.
In addition, he pointed out that global inflation continues to accelerate and the rate of price growth is increasing in almost all countries.
Earlier on the same day, the Central Bank published the Research and Forecasting Department’s “What Trends Talk About” bulletin, which states that the growth of consumer prices in Russia in November, taking into account the seasonality, slowed down, but remained high.
The regulator added that the ongoing monetary policy (MP) of the Central Bank will limit excess demand growth, and the gradual elimination of logistics problems and the expansion of production will gradually increase the supply of goods and services during 2022.
On December 7, Putin said at a meeting on economic issues that the main problem of the Russian economy and residents of the country today lies in the growth of inflation, which at the end of November was 8.4%. He stressed that in 2022 it is necessary to ensure its return to the level of 4%. The President noted that the government is currently taking “energetic measures.”
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
