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Inflation in Russia in 2015 to total some 10% — Ulyukayev

December 26, 2014, 20:09 UTC+3
The Russian Ministry of Economic Development has prepared a simple scenario for development of Russian economy at a price of $40 per barrel, Russian Economic Development Minister Alexey Ulyukayev said
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Russian Economic Development Minister Alexey Ulyukayev

Russian Economic Development Minister Alexey Ulyukayev

© Stanislav Krasilnikov/TASS

MOSCOW, December 26. /TASS/. Inflation in Russia in 2015 will total some 10%, Russian Economic Development Minister Alexey Ulyukayev said in an interview with the Rossiya 24 TV channel.

“In 2015, inflation will be about 10%, December on December (2014),” Ulyukayev said.

The Russian Ministry of Economic Development has prepared a simple scenario for development of Russian economy at a price of $40 per barrel, Ulyukayev said.

“We are building some simple scenario models. For example, we have made simple calculations based on a price of $40 per barrel,” Ulyukayev said.

It is inexpedient to freeze prices on socially significant goods, since it may transform inflation into a form of merchandise shortage, the minister added.

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