Central Bank Governor Nabiullina: inflation in Russia at the end of the year will be slightly more than 8%

“That's a lot,” she says, and more than the 4% target.

She explained that Rosstat estimates inflation at 8% for a wide range of goods. 

“And those goods that we are monitoring have increased in price, for example, food,” RIA Novosti quoted her as saying.

Nabiullina also said that the growth of interest rates on loans in Russia will be less than inflation.

In addition, the head of the Bank of Russia announced that the Central Bank has no plans to collect data on transfers of individuals.

Earlier, Russian President Vladimir Putin said that accelerating consumer price growth in Russia is a sensitive issue for citizens.

According to the head of state, it is important to be proactive and remove factors pushing price increases.