The annual inflation forecast for 2019, according to the Ministry of Economic Development, is about 4.3%. According to July 15, annual inflation in the Russian Federation fell to 4.5%, according to the report of the Ministry of Economic Development “Picture of business activity. July 2019”.
“According to the Ministry of Economic Development of Russia, as of July 15, the growth rate of consumer prices fell to 4.5% year-on-year (compared with the March peak of 5.3% YoY)”, the document says.
According to official figures from the Ministry of Economic Development, the inflation forecast for 2019 is 4.3%. But at the same time. On July 15, the Russian Minister of Economic Development Maxim Oreshkin told reporters that the Ministry of Economic Development does not exclude annual inflation in 2019 below 4%.
Earlier, the Central Bank of the Russian Federation reported that in June inflation in annual terms slowed to 4.7% amid falling prices for fruits and vegetables. According to the forecast of the Bank of Russia, annual inflation in the Russian Federation by the end of 2019 will amount to 4.2-4.7% and will continue to be near 4%.