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Inflation in Russia in 2015 likely to exceed projected 5.5%

September 21, 2014, 1:49 UTC+3 SOCHI
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SOCHI, September 20. /ITAR-TASS/. Inflation in Russia in 2015 will most likely exceed the projected 5.5% but will be below the current level, Minister of Economic Development Alexei Ulyukayev said on Saturday.

“Inflation in 2015 will be lower than this year when we have had a mixture of factors such as sanctions and certain capital flow peculiarities. I believe we will see a different situation next year, but there is a risk that we may exceed 5.5%,” he said at the Sochi International Investment Forum.

Ulyukayev said, however, that the overall inflationary trend will go downward.

Earlier, Finance Minister Anton Siluanov said that inflation in 2014 might be 7.5%-7.7%.

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