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Post: Belousov described the inflation forecast as weighty


The building of the Ministry of Economic Development in Moscow. archive photo

Belousov called the MED’s 2023 inflation forecast in Russia weighted to 5.3 percent

MOSCOW, April 24 – RIA Novosti. Russian First Deputy Prime Minister Andrei Belousov told reporters that the Ministry of Economic Development’s forecast for inflation in Russia this year is 5.3%.

In April, the Ministry of Economic Development raised its 2023 inflation forecast from 5.5% to 5.3%. At the same time, the Central Bank of Russia forecasts inflation in the range of 5-7% this year.

“It’s a well-balanced, adequate estimate,” Belousov said, answering a question about the difference between the government’s 5.3 percent inflation forecast and the Central Bank’s forecast.

He also pointed out that there are pro-inflationary risks. “However, it has not been implemented so far and there is no sign of it being implemented in the market yet,” the First Deputy Prime Minister added.

Building of the Central Bank of the Russian Federation - RIA Novosti, 1920, 20.04.2023

Volodin drew attention to the effective work of the Central Bank to reduce inflation

Source: Ria

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