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Russia Inflation May Reach 7.5%

Russia Inflation May Reach 7.5%Russia Inflation May Reach 7.5%

The annual inflation in Russia may reach 7-7.5% this year, Minister of Economic Development Alexei Ulyukayev said in an interview with the NTV television channel on Sunday, Tass reported. “It is high, very high, but only recently it was catastrophically high,” he said, calling inflation a problem “which is not easy to cope, but we shall manage.” “The situation is more complicated with the economic growth, as it requires more time and efforts to recover, and still I hope this year we shall return to that trend,” the minister said. The Central Bank said inflation in February would go down to 8.3-8.7% against the previous year.

Financialtribune.com