Inflation growth expected in Russia

In the third quarter of this year, the growth of consumer prices in the domestic market of Russia in annual terms will be above the target level of 4%, according to the forecast of Director of the Monetary Policy Department of the Central Bank (CB) Kirill Tremasov, Report informs referring to Interfax.

According to Russia’s Federal State Statistics Service (Rosstat), by the end of June this year, annual inflation in the Russian market amounted to 3.2%.

In the period from June 19 to June 26, this figure increased by 0.2%, from 3%.