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The department also increased the estimated the average weighted dollar exchange rate.
The Ministry of Economic Development increased the forecast for inflation in Russia this year from 4.5 to 5.1%, the correspondent of The Moscow Post reports.
In addition, the department improved the forecast for GDP growth from 2.3% to 2.8%
The assessment of the average annual dollar exchange rate for 2024 to 94.7 rubles from 90.1 rubles has also been increased.
According to the forecast of the Ministry, next year the rate will be an average of 98.6 rubles, and then the dollar will be more expensive than 100 rubles – 101.2 rubles in 2026 and 103.8 rubles in 2027.
