The central bank expects the current rate of price growth in the Russian Federation to return to 4% in the first half of 2027.

The central bank expects the current rate of price growth in the Russian Federation to return to 4% in the first half of 2027.

The factors that led to the increase in the level of inflation in the Russian Federation in 2026 are temporary; As companies restore production output and moderate tight monetary policy, inflation will slow, and the current rate of price growth will return to 4% in the first half of 2027, Bank of Russia Governor Elvira Neviolina said in a briefing after the central bank's board meeting, where she kept the key interest rate at 14.0%. "The inflationary expectations of the population, despite the correction of the last month, are close to the maximum values ​​for two years," she noted.