we believe that we are passing the maximum point germany telegram data now. However, the current rate of price growth at the beginning of next year will be somewhat higher than those at the beginning of 2023, so the annual inflation rate will continue to grow.
— You said that annual inflation will start to slow down after July 2024, after the tariff increase. You don’t expect it to decrease before that?
— In the second quarter, it will most likely
start to turn around, but in July there will be another factor, tariffs, which can push it up locally. In general, the annual inflation rate will start to decline in the spring and summer.
— Is the current inflation situation closer to the upper limit of the Central Bank’s range for this year, that is, closer to 7%?
— Yes, bas on the weekly figures we receiv since September 15.
— Do you see a risk of a significant upward deviation of inflation from the target next year? Do you consider it significant?
“We believe that the balance of risks is still skew towards inflationary ones, and this is a significant part of the argumentation when we make our online marketing and customer contact decision on the rate.
— You recently stat in the State Duma that if the key rate had been rais earlier than July, its growth trajectory would have been smoother. Can this be alb directory consider an admission that the rate should have been rais earlier? It remain at 7.5% for a long time.
