Economist predicted a slowdown in inflation in spring

The rate of inflation in Russia will begin to slow down in the first months of spring. Thus, in March this year prices may rise by only 1-1.2% from February prices, Associate Professor of the Financial University under the Government of the Russian Federation Petr Scherbachenko told Gazeta.RU on February 19.

"Current inflation, i.e. month-on-month price growth, will start to slow down in the near future. This may happen as early as March-April 2025, with inflation for March up to 1-1.2% due to the prevalence of pro-inflationary factors. These include demand-stimulating fiscal policy, continued revival of economic and consumer activity against the background of income growth and deficit in the labor market," he said.

Disinflationary factors at the moment, according to the expert, is a steady decline in lending, including consumer lending, and the strengthening of the ruble against the backdrop of falling world prices for hydrocarbons.

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Earlier, the Central Bank of Russia predicted that annual inflation will reach its peak level by April-May. According to the Central Bank's forecasts, by the end of this year, the current inflation rate will amount to 7-8%.