In Russia, for the third month in a row, a decrease in prices for goods and services is recorded

Rosstat recorded a continued decline in prices for goods and services in all sectors of the country’s economy by 0.52% in August, 0.39% in July and 0.35% in June.

Rosstat added that year-on-year price growth slowed to 14.3% in August from 15.1% in July.

Russian President Vladimir Putin said at a plenary session of the Eastern Economic Forum that inflation in Russia will reach 12% by the end of the year.

He also noted that some experts argue that in the first or second quarter of next year, inflation may drop to 5-6% or even 4%.

Source: RIA Novosti and

Related Stories

Leave a Reply