“With regard to the economic agenda itself, a distinctive feature of the current situation is the high inflationary pressure with which the world is entering the next wave of the pandemic,” he said.
According to the state leader, the rise in prices provoked a whole complex of reasons that overlapped.
He explained that one of the key reasons for the persistence of inflationary risks was the excessively soft budgetary policy of a number of developed countries.
"The growth of budget deficits, which is observed in the current year, which means that global inflationary risks still persist," Putin said.
The President stressed that at the same time, the Bank of Russia adheres to the course of curbing inflation and regulating the sphere in monetary policy.
Earlier, the Russian leader, speaking via video link at the APEC summit, noted that the country has already returned to the pre-pandemic level of GDP growth, and in 2021 it will most likely amount to 4.7%.