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Indexation of pensions in 2022 will be higher than inflation
In 2022, pensions in Russia will be indexed above the baseline inflation rate. According to Rosstat, the reduction in pensions in September was 1,8% compared to September last year.
As the RIA News", the first deputy head of the budget committee of the Federation Council Elena Perminova said that the budget of the Russian Federation contains funds to index pensions above the base level, which is now 4,4%. The increase can be from 1,3 to 1,5%.
According to Perminova, the Ministry of Finance will continue to work on adjusting the inflation rate in order to index budget benefits and payments next year.
Earlier EastRussia reported that in October the Central Bank raised the key rate to 7,5% per annum. Inflation at the end of the year is expected in the range of 7,4-7,9% - much higher than forecast.