High inflation is key challenge for Russia's economy, prime minister tells Putin
Russia's economy grew by 4.1% in 2024, Russian Prime Minister Mikhail Mishustin told President Vladimir Putin on Friday, slightly better than an official forecast of 3.9%.
Putin tackles inflation as Russia's economy faces challenges
The President of Russia, Vladimir Putin, acknowledged that inflation remains a serious "challenge" for his country's economy and instructed the government to take measures to reduce it by 2025, reports "The Moscow Times.
Putin acknowledges inflation as key challenge for Russia
Speaking at a televised meeting with Prime Minister Mikhail Mishustin on Feb. 7, Putin noted that consumer prices in Russia rose by 9.5% in 2024 and have climbed further to 9.9% year-on-year this month.
Russian economy in meltdown as Putin warned of shocking inflation
Inflation has become a significant concern for both the Russian economy and consumers, who have witnessed rising prices for basic goods in supermarkets.
Putin hails Russia's strong 2024 economic growth
Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine outweighed the impact of Western sanctions. Before sending troops into Ukraine, Russia had faced almost a decade of sluggish growth and falling living standards -- suffering under sanctions and restrained domestic spending after Moscow annexed Crimea in 2014.
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