Forecast for the Russian economy

05.05.2021

Experts predicted the inflation rate in Russia by the end of 2021.

The maximum forecast was given by experts. In their opinion, the cost of goods and services may increase by 5.3 percent. “Otkrytie” has the lowest expectations. The bank’s analysts admitted that prices could rise by 4.3 percent.

Experts argue that inflation dynamics will largely be determined by the level of external food prices in dollar terms. Already in the summer we will be able to observe a sharp deceleration in price growth, in case if the ruble remains close to the observed levels.