Russia not to cope with inflation in 2019

Russia not to cope with inflation in 2019

The Russian central bank still expects annual inflation to amount to 5.0–5.5% in 2019, the regulator's spokesperson said, meaning that the target of 4% will not be achieved this year.

"The central bank still expects that annual inflation in 2019 will amount to 5.0–5.5%," PRIME cited the official as saying.

Earlier, the Russian Federal State Statistics Service said that inflation was 4.3% in 2018, exceeding the 4% target set by the central bank. In 2017, the inflation was 2.5%.

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