“We think that in the area of ​​the first quarter it will be somewhere around 5%, and then there is even a tendency to further decline,” Putin said.

According to him, last year inflation was less than 12%.

“There are, in simple terms, their ambushes.

If we completely lower inflation, then there may be certain failures in the economy, ”the president added.

Earlier, Putin said that inflation in the first quarter of 2023 would drop to 5%, and in the second quarter could be below 4%.