Inflation rate won't exceed 6.5-7% in Russia this year, says official

Agshin Rafigoglu
Author

At the end of 2021, the inflation rate in Russia is unlikely to exceed 6.5-7%, first Deputy Prime Minister Andrey Belousov said, Report, informs, referring to RIA Novosti.

"I think the inflation will be between 6.5% and 7%. It may be low, because the last two months of the year may bring surprises. But it is unlikely to be higher," Belousov said.

The deputy PM said that the price rise during the year might be higher than the Ministry of Economic Development expected. Earlier, the agency lowered its inflation forecast to 5.8%.

"Inflation rates will not fall below 6%, maybe 5.8%. But in fact, it is very difficult to predict because this month we have some abnormal trajectories, which are mainly related to food products. But I think it will normalize." Belousov stressed.

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