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Annual inflation in Russia to fall to 7-8% in 2025, return to 4% in 2026 — Bank of Russia

It was noted that in the base scenario, the Bank of Russia expects that in the coming months inflationary pressure will begin to gradually ease under the influence of cooling lending and high savings activity

MOSCOW, February 14. /TASS/. Annual inflation in Russia will decrease to 7-8% in 2025, return to 4% in 2026, and in the coming months inflationary pressure will begin to gradually ease, the Bank of Russia said in a statement.

"According to the Bank of Russia’s forecast, given the monetary policy stance, annual inflation will decline to 7-8% in 2025, return to 4.0% in 2026 and stay at the target further on," the regulator said.

It was noted that in the base scenario, the Bank of Russia expects that in the coming months inflationary pressure will begin to gradually ease under the influence of cooling lending and high savings activity. At the same time, annual inflation in Russia, according to estimates as of February 10, reached 10.0%.