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Bank of Russia expects inflation peak in Q2 2024

Inflation has slowed down by now, though it remains above the targeted levels, Andrey Gangan noted

NOVOSIBIRSK, March 14. /TASS/. Annual inflation peak in Russia is expected in the second quarter of this year, First Deputy Director of the Central Bank’s Monetary Policy Department Andrey Gangan told reporters.

"As far as possible maximum levels of annual inflation are concerned, we suggest that they may happen in the second quarter of this year," he said.

Inflation has slowed down by now, though it remains above the targeted levels, Gangan added. Overall, the current inflation trends are in line with the regulator’s base case outlook for this year, he noted.

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Central Bank of Russia Inflation

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