Inflation in Russia in 2022 will be 20%, but by 2023 it will decrease to 8%, follows from the Macroeconomic Survey of the Bank of Russia. According to the expectations of analysts surveyed by the regulator, GDP in 2022 will decrease by 8%, but in 2023 it will grow by 1%.
Earlier, the Central Bank expected that by the end of 2022, inflation would be 4.0-4.5%. However, for the week from February 26 to March 4, inflation in Russia accelerated by 2.2% over the week, amounting to 10%. This happened because of the economic sanctions imposed on Russia in response to the military operation in Ukraine. According to analysts, inflation will be at the level of 8% in 2023, and 4.8% in 2024.
The average key rate in 2022 is expected to be 18.9% per annum, in 2023 – 14.1%, in 2024 – 7.8%.
Also, experts of the Central Bank expected GDP growth at the end of the year by 2.4%, but after the start of the military operation they changed the forecast. Now, according to regulator analysts, GDP in 2022 will fall by 8%. By 2023, GDP will rise by 1%, in 2024 – by 1.5%.
According to the expectations of the Central Bank, the exchange rate of the US dollar against the ruble in 2022 will average 110 rubles, in 2023 – 118.4 rubles, in 2024 – 120 rubles.
How the state is going to support the economy in conditions of record inflation – in the material “Kommersant FM” “Inflation updates the indicators.”