UK prime minister signs formal Brexit letter to Brussels — official photoWorld March 29, 1:26
Russia clinches last-minute 3-3 draw with Belgium in friendly football match in SochiSport March 28, 21:40
Washington-based National Symphony Orchestra members excited to perform in RussiaSociety & Culture March 28, 21:36
'Gentlefan' continues: 'Angels' greet Belgium football fans ahead of Sochi gameSport March 28, 21:12
Scottish parliament backs new referendum on independenceWorld March 28, 20:42
Russian strategic missile carriers to take part in military drills in TajikistanMilitary & Defense March 28, 20:10
Russia’s offshore energy projects in the ArcticBusiness & Economy March 28, 19:33
US chess chief: No plot to oust current FIDE head, but it ‘would be good for the game’Sport March 28, 18:27
Putin-Rouhani meeting round-upWorld March 28, 18:23
MOSCOW, May 26. /TASS/. The Russian Ministry of Finance does not rule out the deflation in the second half of July 2015, Deputy Finance Minister Maxim Oreshkin said on Tuesday.
"We expect the deflation in the second half of July," Oreshkin said.
The Ministry of Finance leaves open the possibility for the inflation in Russia to reach 10.5% at 2015 year-end, the deputy minister added. "It may be 10.5%, I do not rule it out. This is according to the optimistic scenario," Oreshkin said.
Inflation in Russia equaled 0.1% from May 13 to 18, 2005, and this trend is maintained for 4 weeks in succession. According to the Russian Federal Statistics Service, inflation amounted to 8.2% from the year beginning.
Inflation in Russia will total 11% in 2015, the Ministry of Finance said last week. The Ministry of Economic Development and the Central Bank of Russia continue keeping their inflation forecast of about 12%.