Russia’s Economic Development Ministry leaves inflation forecast 2017 unchanged

  Russia’s Economic Development Ministry leaves inflation forecast 2017 unchanged

The Ministry of Economic Development maintains its forecast for inflation in Russia in 2017 in the range from 2.5% to 2.8%, the country's Economic Development Minister Maxim Oreshkin said.

"Our forecast remains at 2.5-2.8%. Currently annual inflation is somewhere between 2.4-2.5%," the minister said.

Oreshkin also noted that so far the Economic Development Ministry did not make a decision to reduce the inflation forecast for November. "We will see. All our qualitative comments on inflation remain the same," TASS cited him as saying.

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