Inflation in Russia

Why will low inflation not save Russian economy?

The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …

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Putin: Russia on brink of victory over inflation

Inflation in Russia continues to decline, Russian President Vladimir Putin said at a meeting on economic issues. "This year, a steady decline of inflation continues, the figure broke the psychological mark of 5% in …

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Ruble grows amid growing oil

Oil prices, after falling the day before, began to recover gradually due to a thorough implementation of the agreement on the production cuts. Thus, the March futures for Brent crude oil on London's …

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Russian economy to start growing in 2017

The Russian economic situation improved in 2016 as compared with the last year, and the economy will expand about 1% in 2017, the Economic Development Minister Alexei Ulyukayev said at a meeting with Italian businessmen. …

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Russia's inflation reaches record level

Russia has the lowest inflation in 25 years, in the next year it is expected to be 4%, the Russian Prime Minister Dmitry Medvedev said at the 30th meeting of the Foreign Investment Advisory Council (FIAC). "We …

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Nabiullina: inflation in Russia is still high

The Russian Central Bank will bring its key rate to 6-7% once inflation slows to 4%, the bank's Governor Elvira Nabiullina said at an economic forum. Nabiullina said the central bank will aim at keeping interest …

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 Russia's tariffs to be increased due to inflation in 2017

The Russian Ministry of Economic Development in the updated forecast for 2017-2019 proposes to adjust gas tariffs for industry and population in 2017 at the level no higher than 3%, the Russian Economic Development Minister Alexey Ulyukayev …

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Bank of Russia predicts decline in inflation

The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …

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