Russia (bbabo.net), - By the end of next year, the growth rate of prices in Russia will slow down to 4-4.5%, approaching the goal of the Bank of Russia. This forecast was given by the head of the Central Bank of the Russian Federation Elvira Nabiullina.

“We are just making decisions to bring inflation back to the target, to 4%, because this year we raised the key rate several times and this will have the maximum effect in 2022,” Nabiullina said in an interview with Russia 24.

Now the Central Bank rate is 8.5% with an annual inflation rate of 8.4%. The rate has been raised seven times in a row, the goal is to bring down the rate of price growth. According to the estimates of the Bank of Russia itself, by the end of this year inflation will be 8%. Thus, the aim of the Central Bank is to slow down the rate of price growth by half.

Among the goods that rose in price the most, Nabiullina previously singled out vegetables and fruits (+ 19.4%), cars and building materials. Services that have risen in price also made a significant contribution to inflation.

bbabo.Net