Russian Central Bank gives inflation forecast for first quarter of 2019

Russian Central Bank gives inflation forecast for first quarter of 2019

The Russian Central Bank expects annual inflation to reach 5.5–6% in January-March and to slow down later in the year without "extreme" divergence from the forecast, the bank's first deputy chairperson Ksenia Yudayeva said.

"Annual inflation will amount to 5.5–6% in the first quarter," Prime cited her as saying.

Yudayeva added that an earlier than expected occurrence of some pro-inflation factors resulted in inflation overshooting the forecast of 4.2% in 2018.

The Federal Statistics Service said earlier in January that in 2018 Russia’s inflation amounted to 4.3%.

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