World Economy

Russia Inflation May Hit 12%

Russia Inflation May Hit 12%Russia Inflation May Hit 12%

Russia’s inflation may hit about 12% (December on December) in 2015, Economic Development Minister Alexei Ulyukayev said, Tass reported. Russia’s inflation will rise to an annual rate of 13.1% in January, he said, referring to the ministry’s estimates. At the same time, monthly inflation in January will exceed 2%, he added.