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World Bank Forecasts Russia's 2016 Inflation Rate to Be at 5.9%

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According to reports, World Bank has predicted Russia’s annual inflation rate for 2016 will be 5.9 percent. 06.04.2016, Sputnik International

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World Bank Forecasts Russia's 2016 Inflation Rate to Be at 5.9%

10:55 GMT 06.04.2016 (Updated: 11:00 GMT 06.04.2016)

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According to reports, World Bank has predicted Russia’s annual inflation rate for 2016 will be 5.9 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) – The World Bank has predicted Russia’s annual inflation rate for 2016 will be 5.9 percent, a Russian macro-economist from the organization said Wednesday.

“By the end of the year [the inflation rate] will be 5.9 percent,” Sergei Ulatov said during a press conference.

Russia’s Central Bank earlier predicted inflation to be at 6-7 percent for 2016.