Putin admitted that by the end of the year inflation in Russia could be about 12%

He noted that after peaking at 17.8% in April, inflation slowed to 14.1%.

“There is every reason to expect that by the end of the year inflation will be about 12%, and, as you yourself say, we are constantly discussing this, our experts in the administration, in the government believe that the downward trend in inflation will continue,” he said. Putin at the meeting.

In July, the Central Bank lowered its inflation forecast in Russia for 2022 to 12-15%.