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Russian Inflation Rate for 2016 May Be 7-7.5%

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Russian Economic Development Minister said that Russia's rate of inflation for 2016 should be in the ballpark of 7 percent. 16.03.2016, Sputnik International

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Russian Inflation Rate for 2016 May Be 7-7.5%

08:36 GMT 16.03.2016 (Updated: 08:40 GMT 16.03.2016)

Economic Development Minister Alexei Ulyukayev - Sputnik International

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Russian Economic Development Minister said that Russia's rate of inflation for 2016 should be in the ballpark of 7 percent.

Russia

Inflation in Russia to Stand At 7.8-8% in 2016 With Current Oil Prices

19 February 2016, 10:25 GMT

MOSCOW (Sputnik) – Russia's rate of inflation for 2016 should be in the ballpark of 7 percent, Russian Economic Development Minister Alexei Ulyukayev said Wednesday.

"[The economy] will depend on the decrease of capital outflow and the level of inflation at approximately 7.5 [percent] for this year and to 5.5 percent for the end of the three-year period [ending in 2018]," Ulyukayev said during a government session in the Russian lower house of parliament.