The regulator sees consumer prices rising again in May Bank of Russia (CBR) warned on Wednesday that annual inflation could accelerate above its 4% target this year, noting also that it expects the country’s economic recovery to continue. According to the forecast, given the current monetary-policy stance price growth could be somewhere between 4.5% and 6.5% in 2023, returning to 4% in 2024 and remaining close to 4% in the future. “Annual inflation will be rising from May as the low values recorded in summer-to-autumn 2022 are not included in the inflation calculation,” the regulator stated. In March, the reading
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