MOSCOW, March 4. /TASS/. Annual inflation in Russia will slow down to 9.2% in the third quarter and to 8% in the fourth quarter of 2025, according to the research titled "Monitoring of the economic situation in Russia," completed by Gaidar Institute employees and available with TASS.
"The tough monetary policy combined with normalization of the situation in the labor market and the stable ruble rate will gradually support lending cooldown, stabilization of demand growth rates and inflation slowdown amid moderate rates of GDP growth by 1-2%," the experts said. "We expect accelerated growth of consumer prices in Russia to 9.95-9.98% annually in the first - the second quarters of this year. Nevertheless, as effects from toughening of monetary conditions, slowdown of salaries and consumer lending growth accumulate, we project annual inflation to gear down to 9.2% in the third quarter and to 8% in the fourth quarter of 2025," the research indicates.
Flash data for ten days in February point to remaining higher price pressure, the experts noted. The remaining demand surplus over supply is the key factor of higher inflation, the analysts added.