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Russia Inflation
World Economy

Russia Inflation

Inflation in Russia could hit 17% this year, the deputy economy minister said Wednesday, as the ruble suffers on the back of slumping oil prices, AFP reported. “Peak inflation will come in March-April when year-on-year inflation could reach 15 to 17%,” Alexei Vedev was quoted as saying by the state-run TASS news agency. Official inflation has already topped 11%.

 

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