“The risk of stagflation, which has now become much talked about, is not very great ... If the recovery stops, then inflationary pressures will also decrease,” he said in an interview with RIA Novosti.
Among the reasons for inflation, Gref singled out the soaring demand for chips, the rise in energy prices, which provoke an increase in the cost of agricultural products, and the disruption of technological chains due to the pandemic.
“Russia is part of the global economy.
If prices are rising all over the world, we cannot hide from this.
We believe that by the middle of next year the world economy will be able to adapt to new conditions and price dynamics will normalize, ”he concluded, adding that inflation risks will remain.
Rosstat earlier noted the acceleration of inflation to 1.11% in monthly terms.