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Putin expects inflation to drop below 5% in Q1 2023

It is noted that inflation may drop below the target level of 4% as early as in the second quarter of this year

NOVO-OGAREVO, January 17. /TASS/. The level of inflation in the country may drop to 5% in the first quarter of 2023 and below 4% in the second quarter of this year, Russian President Vladimir Putin said at a videoconference meeting on economic matters.

Inflation stood at 11.9% as of the end of the last year. "This is smaller than the Central Bank and the Government forecast," Putin said.

"Inflation may drop below the target level of 4% as early as in the second quarter of this year. We expect the drop to about 5% in the first quarter," the President added.

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Vladimir Putin Inflation

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