Prime Minister of Russia Dmitry Medvedev said about the possibility of achieving the lowest inflation rate for the year for the last 25 years. He told about it in interview to the program “Sunday time” on channel one, a fragment of which was shown on Saturday.
The head of government noted that at the beginning of next year, the Russian economy could reach the growth. This, according to him, it will be possible thanks to the measures undertaken by the government recently.
“We believe that at the end of the year, these negative trends that have developed in our economy over the last 2-3 years, they exhausted itself,” — said Medvedev. Exact figures he did not name.
He added that the Russian economy remains positive macroeconomic conditions such as low government debt and the volume of gold and foreign exchange reserves.
Speaking of inflation and the rate of change, the Prime Minister stressed that this indicator decreased.
“The rise in prices is not the same as was the last decade. And maybe at the end of this year we will reach the lowest inflation in recent history, which allows to count on further economic development,” — said Medvedev.
Yesterday, 30 September, Finance Minister Anton Siluanov said that the Federal budget for the period from 2017 to 2019, the Department has set the inflation at 4% per year. The Minister said that pensions and other social payments to the population will be indexed after the fact.
“If we put in the forecast for 4%, and then if suddenly there will be deviations in one direction or another — of course, count under the law. As required by law,” — said Siluanov.
Earlier, on September 23, Russian President Vladimir Putin said that inflation by the end of 2016 will amount to 5.7%. The President stressed that the previous year was 12.9%, and the expectations for 2016 was about 5.9%. The President also noted that Russia has sufficient reserves and a positive trade balance, which is a very important indicator of the state of the economy.”
About a possible record low for inflation for 2016 in mid-September, said the Ministry of Finance. Deputy head of Department Maxim Oreshkin said that the Ministry expects inflation at the level of 5.7%.