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Annual inflation expected to peak in April, May — Bank of Russia

Current inflation, that is, the rise in price month on month, will start gearing down in the near future, Nabiullina noted

MOSCOW, February 14. /TASS/. According to estimates of the Bank of Russia, annual inflation is expected to reach its peak in April - May 2025, Central Bank chief Elvira Nabiullina said at the press conference after the Board of Directors’ meeting.

"Indicators are different in this area. There is annual inflation, the one that measures inflation over the last 12 months," she said.. "This annual inflation indicator depends on how much we will move out of the last-year base. According to our estimates, this will be sometime in April - in May," she said.

Current inflation, that is, the rise in price month on month, will start gearing down in the near future, Nabiullina noted. "Its certain growth is possible in connection with indexation of tariffs in July," she added.