The Central Bank predicts peak inflation in April 2025

December 28. /MEDIA TALK/. According to the forecasts of the Bank of Russia, in the first months of 2025, the annual inflation rate in the country will continue to increase and reach its maximum in April, such information was announced during a meeting of the Board of Directors of the Central Bank on the key rate. A summary of the discussion was published on the regulator's website today.


Photo: ru.freepik.com

The price dynamics is due to the base effect, which is relatively low inflation at the beginning of the previous year. The Central Bank did not provide an exact figure that inflation could reach during its peak period.

At the same time, the current price growth rates (excluding the base of 2024) will consistently decrease. According to the Central Bank's estimates, this process will continue as the effects of prolonged tight monetary conditions become apparent.

According to the current medium-term forecast of the Central Bank, published in October, the annual inflation rate in 2025 is expected to be in the range of 4.5-5 percent, and the goal of achieving 4 percent will be achieved in 2026. The updated forecast of the Central Bank will be published in January 2025.

Earlier, we wrote that in December 2024, the inflation expectations of Russian citizens increased to 13.9%, compared with 13.4% in November, reaching the highest point for the year.