MOSCOW, Dec. 2 (Xinhua) -- Russia's inflation rate is expected to drop to about 6 percent by the end of 2025, below the government and central bank forecasts, said Russian President Vladimir Putin on Tuesday.
The inflation rate, which exceeded 10 percent in March, has now fallen to below 7 percent year on year and is expected to reach around 6 percent at the end of this year, Putin said.
"The pace of economic growth is slowing," Putin noted, adding that Russia's GDP expanded by 1 percent in the first nine months of 2025.
Full-year economic growth is forecast at between 0.5 percent and 1 percent, largely in line with expectations, said Putin, adding that the government and central bank had anticipated a "soft landing" following tighter monetary conditions.
The president also said Russia's unemployment rate of 2.2 percent in September remains "record-low." ■