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Inflation in Russia to drop below 4% in March 2023 — Putin

The Russian leader noted that he expects a further additional increase of the minimum statutory monthly pay by 18.5% at the start of the next year

MOSCOW, March 29. /TASS/. Inflation in Russia will plunge below 4% as of the end of March, President Vladimir Putin said on Wednesday at the meeting with Cabinet members.

"Inflation will decline below 4% as early as at the end of March. According to some estimates, it will continue gearing down and real incomes of citizens should accelerate therefore," Putin said.

Putin noted that he expects a further additional increase of the minimum statutory monthly pay by 18.5% at the start of the next year.