Media: Israeli Air Force deliver airstrike near Damascus airportWorld April 27, 8:44
Russian diplomat believes US strikes on Syria make no military or political senseRussian Politics & Diplomacy April 27, 8:30
Diplomat believes Trump should be given chance to improve relations with RussiaRussian Politics & Diplomacy April 27, 8:10
Twelve militants of Islamic Jihad Mujahideen Jamaat grouping detained in KaliningradSociety & Culture April 27, 2:14
Russian Prosecutor General’s Office finds another 3 NGOs to be undesirableRussian Politics & Diplomacy April 26, 21:42
Moscow ‘seriously concerned’ about Turkish airstrikes in Iraq, SyriaRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
Russia’s Emergencies Ministry to continue helping Serbia in mine clearance in 2017Military & Defense April 26, 20:20
Putin says Russia, China maintain relations at 'unprecedentedly high level'Russian Politics & Diplomacy April 26, 20:02
MOSCOW, August 3. /TASS/. Annual inflation in Russia is expected to decline to 7.3% as of the end of July and will be 5-6% as of the year-end, press service of the Central Bank told TASS on Wednesday.
"The Bank of Russia expects annual inflation will decline to 7.3% as of the end of July (after 7.5% in June), considering smaller increase of utilities payments than a year earlier, good harvest outlooks and moderate consumer mood. The favorable harvest outlook provides grounds to expect seasonal price drop for foods in August-September, primarily to fruit and vegetables," the Bank of Russia said.
The base case outlook of the Bank of Russia remains the same: inflation slowdown to 5-6% by the year-end is expected, the regulator said.
Meanwhile, inflation in Russia is 7.1% year-on-year as of August 1 and is expected to be 6.5% by the end of the year, press service of the Ministry of Economic Development told TASS.
Deflation of 0.1% was registered in Russia from July 26 to August 1 for the first time this year, the Federal State Statistics Service Rosstat said earlier on Wednesday. Consumer prices grew 0.6% from the beginning of July and 4% from the year beginning, Rosstat reports.
"According to our estimate, inflation is 7.1% year-on-year as of August 1, 2016. Scenario conditions provide for inflation at the level of 6.5% (at the year-end). Scheduled revision of all outlook indicators subject to available reporting information will take place in August-September," the ministry said.