First Deputy Chairman of Bank of Russia Sergey Shvetsov confirmed the forecast on inflation in Russia by the end of summer 2016 to 7%.
NEW YORK, 7 Oct. First Deputy Chairman of Bank of Russia Sergey Shvetsov confirmed the previously announced forecast of the regulator, that annual inflation in Russia by the end of summer 2016 to fall to 7%.
“Inflation in Russia by the end of summer 2016 will reach the level of about 7%”, — he said at a new York session of the Moscow currency exchange.
According to Rosstat, in September, inflation in annual terms amounted to 15.7%.
The economic development Ministry on Wednesday published an updated macroeconomic forecast in which the forecast for inflation in 2016 improved to 6.4% from 7%. The Central Bank, on the contrary, in September worsened the inflation forecast for 2016 to 5.5-6.5% in the baseline scenario with 5.1%.
