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25 Mar, 15:27

Annual inflation to be 8% in March 2025 — Bank of Russia

Inflation is expected to be at the level of 4% in 2026; the rise in prices will be more significant in 2025, Alexey Zabotkin added

MOSCOW, March 25. /TASS/. Annual inflation in March 2025 will evolve in Russia at the level of February values, about 8% or even slightly lower, Deputy Governor of the Central Bank Alexey Zabotkin said when speaking in the State Duma, the lower house of the Russian parliament.

"Current price hike was 14% in November - December [2024]; this is too much. It was the peak. Current inflation was 11% in January, slightly lower than 85 in February. It will be at the level of February or even slightly lower in March, to all appearances. We are going to enter next year with current inflation of 4%," Zabotkin said.

Inflation is expected to be at the level of 4% in 2026; the rise in prices will be more significant in 2025, he added.