World meat industry news

As noted in the message of the Bank of Russia, as of December 13, annual inflation in the country amounted to 8.1%. The Central Bank decided not to specify the inflation forecast for the current year, however, according to the regulator's experts, the monetary policy will reduce the overall price growth to 4-4.5% by the end of next year and keep it at 4% in the future.

The report of the Bank of Russia says, ‘inflation is higher than the October forecast of the Bank of Russia. In October - November, monthly seasonally smoothed growth rates of consumer prices are the highest in the last six years. Annual inflation increased to 8.4% (after 7.4% in September). As of December 13, it was estimated at 8.1%.’

Earlier we wrote that on Friday, December 17, following the results of the last meeting of the Board of Directors in 2021, the Bank of Russia raised the key rate again, this time by 1 percentage point at once - to 8.5% per annum.