The Central Bank reported on the conditions being created for disinflation

Tight monetary policy creates conditions for a slowdown in inflation, despite rising prices. This became known from the information and analytical commentary of the Central Bank (CBR) of Russia "Dynamics of consumer prices", published on December 23 on the regulator's website.

"The achieved tightness of monetary conditions forms the necessary preconditions for the resumption of the disinflation process and the return of inflation to the target, despite the increased current price growth and high domestic demand", - indicated in the Central Bank.

As the regulator predicts, the monetary policy conducted will allow to reduce annual inflation to 4.0% in 2026 and "will be on target thereafter".

It is specified that price growth accelerated in November 2024, taking into account seasonality. According to the Central Bank, this was mainly due to the dynamics of the cost of vegetables, fruits and cell phone services, with most indicators of sustainable price growth remaining high.

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Earlier in the day, during a meeting on economic issues, Russian President Vladimir Putin called balanced economic growth and moderate inflation systemic tasks for Russia. In addition, he categorized lending to the real sector, industry, agriculture and services as important factors of strong economic dynamics.

Prior to that, on December 20, the Central Bank announced the reduction of annual inflation to 4% in 2026.