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Annual inflation rate in Russia expected to slowdown in July — ministry

Earlier, the ministry voiced the inflation forecast for June at the level of 0.2-0.3% to the previous month

MOSCOW, June 29. /TASS/. Russia’s Economic Development Ministry expects the annual inflation rate in Russia to slowdown in July, a representative of the Ministry told TASS.

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"We expect a slowdown in inflation in annual terms. We maintain the estimate for June at the same level," the representative.

Earlier, the ministry voiced the inflation forecast for June at the level of 0.2-0.3% to the previous month and 7.2-7.3% year-on-year.

According to the Federal Statistics Service (Rosstat), inflation in Russia from June 21 to 27 2016 was 0.1%, remaining at this level for the third week in a row.

Since the beginning of the year consumer prices grew by 3.3%. According to the data of the agency, as of June 27, annual inflation grew by 7.3%.

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