Inflation in Russia deviated from target level of Central Bank - Izvestia

Galiya Nabieva

UFA, 7 September 2017. /Bashinform News Agency, Galiya Nabieva/. The annual inflation of the Russian Federation deviated from the target level of the Central Bank and is 3.3% according to the Ministry of Economic Development for August, said the head of the economic department Maxim Oreshkin in an interview with Izvestia.

"The latest data for August is not only a half-percent deflation. This is an annual inflation of 3.3%. This is a significant deviation from the target level of the Central Bank of 4%", the minister said.

He stressed that stability of this indicator was more important for the economy of the country, but not its level and the Bank of Russia faced the task of keeping the inflation near the target level. "I think the Central Bank team will cope with this, and in the coming quarters we will see the return of the inflation to the target indicator of 4%", the head of the Ministry for Economic Development assured.

#inflation #central bank

Join us for more and faster updates on our social media.:

Rubrics

Phone

Office: +7(347) 250-05-07 Advertising office: +7(347) 250-11-11 Editors office: +7(347) 250-07-28 Cooperation: +7(347) 250-06-14

inf@bashinform.ru

Address

450077, Ufa, Kirov street, 45

© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.

All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.

When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.