According to Russian Prime Minister Mikhail Michosin, the country’s inflation rate has decreased; by the end of October 2022, it was 13%, down from 18% in April of the same year.
Michosin made his statement on Tuesday during a meeting of the Shanghai Cooperation Organization’s heads of government.
“More than 12,000 limitations have been implemented against Russia as the pressure on our nation grows.
The major financial institutions, technology, the oil, gas, mining, transportation, and other economic sectors are all impacted by this. ”
The official added, “But we were able to overcome negative scenarios and create the appropriate conditions for the stability of economic dynamics, and measures were taken to ensure the sustainability of public finances in order to ensure the gradual recovery of consumer demand and investment activity.
Michosin stated the following about inflation: “By the end of October 2022, inflation in Russia reached 13%, down from nearly 18% in April of this year (2022)..
Michosin: Russia has low inflation
About Author
