Inflation in Russia may reach around 4% in Q2 2023

Inflation in Russia may reach around 4% in Q2 2023 — Putin

Russian President Vladimir Putin's address to the Federal Assembly February 21, 2023, 13:35

It is stressed that the figure is already 17%, 12%, or 20% in some EU nations

MOSCOW, February 21. /TASS/. Inflation in Russia in the Q2 of 2023 will reach around the target level of 4%, Russian President Vladimir Putin said on Tuesday in his annual address to the Federal Assembly.

"According to forecasts, inflation in Russia will reach around the target level of 4% as early as the second quarter of this year. Let me remind you that the figure is already 17%, 12%, or 20% in some EU nations. We have around 5%," Putin said.