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The Central Bank predicted the peak of annual inflation

MOSCOW, March 22 The peak of annual inflation in Russia may be in the second quarter of 2024, said the head of the Central Bank Elvira Nabiullina.
«As for the peak of inflation, then the peak of current inflation, which is happening at this moment, it, in our opinion, has passed in the fall.But in annual figures, the peak of inflation may be in the second quarter, but given that annual inflation is inflation for the previous 12 months and base effects are reflected there, but the peak of current inflation, current inflationary pressure, in our opinion, has already passed,” Nabiullina said at a press conference on the key rate.

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