St. Petersburg inflation forecast for 2023–2025 – August 29, 2022

In 2023, inflation in St. Petersburg will be 108.2% of the current year level. This was stated during the zero readings on the draft budget for 2023 in the Legislative Assembly of the city on August 29, the head of the Finance Committee, Svetlana Enilina.

According to Smolny’s forecast, in 2024 prices will rise by 4,87 %in 2025 — on 4 %.

At the same time, the inflation rate in St. Petersburg for the first half of 2022 amounted to 10,7 % (by December 2021), Alexey Zyryanov, acting head of the committee on economic policy and strategic planning, said. The largest contribution to the rise in prices was made by non-food products, which increased by 14,3 %he noted.

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