Russia to meet 4% inflation target by mid-2025

MOSCOW, 4th July, 2024 (WAM) -- Russia will meet the targeted goal of 4% annual inflation by mid-2025, Sputnik quoted Alexey Zabotkin, Deputy Governor of the Russian Central Bank, as saying on Thursday.

"The 4% level will be reached by the middle or the second half of next year. By the end of next year, we intend to ensure the return of inflation to the target of 4%; this is part of our forecast," Zabotkin said.