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Medvedev expects inflation to decrease by 4-5 percent in 2014

September 28, 2013, 17:25 UTC+3

This year inflation is expected to amount to 6 percent

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Photo ITAR-TASS / Sergey Fadeichev

Photo ITAR-TASS / Sergey Fadeichev

SOCHI, September 28 (Itar-Tass) - Prime Minister Dmitry Medvedev hopes that inflation will reach 4-5 percent in 2014.

This year inflation is expected to amount to 6 percent, the prime minister told Rossiya 24 Channel on Saturday.

“We hope that inflation will be lower - within 4-5 percent,” he said, adding that this was related to “freezing” tariffs for infrastructural monopolies such as Gazprom, grid companies and Russian Railways.

“The figures of inflation will have an impact on a corresponding interest rate of the Central Bank and on a real interest rate under which loans are being provided to commercial organisations and physical persons,” Medvedev said.

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