Russian Finance Ministry: 4% Inflation in Russia Feasible Next Year

Moscow, Inflation in Russia will reach the level of 4% in 2017 if current monthly inflation trends are maintained, Department Director of the Finance Ministry Vladimir Kolychev said on Thursday.

“Inflation during the last month – month and a half is closer and closer to 4%. Accordingly, if this indicator remains not far from current levels, there will be no problems with reaching 4% in the next year,” Kolychev was quoted by Russian TASS news agency as saying.

Inflation in Russia will be 5.4-5.5% as of the year-end, the expert said.

Source: Qatar News Agency