Serbia’s PM believe Russia concerned by instability in BalkansWorld March 28, 3:40
About 3,000 troops to take part in missile force’s drills in central RussiaMilitary & Defense March 27, 20:55
Russian footballers must ‘force own game’ on Belgium in Sochi friendly match — coachSport March 27, 20:34
UN denies rumors of Staffan de Mistura’s resignationWorld March 27, 20:16
Prominent Russian lawyer vows to look into detention of journalists during Moscow ralliesRussian Politics & Diplomacy March 27, 20:05
Kremlin says world chess tournaments should go as planned despite FIDE’s presidential rowSport March 27, 19:32
Ukrainian politician says Kiev turns deaf ear to public pleas to end Donbass blockadeWorld March 27, 19:17
Serbia to get Russian MiG-29 fighter jets 'within weeks'Military & Defense March 27, 18:51
Putin wants Russian Guard to ensure security at FIFA World CupSport March 27, 18:35
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.