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Russian Economy Ministry improves February inflation outlook

February 20, 2017, 18:41 UTC+3
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MOSCOW, February 20. /TASS/. Russia’s inflation outlook for February 2017 was revised downward to 0.2-0.4% month-on-month and 4.6-4.8% on an annualized basis, the Russian Ministry of Economic Development said on Monday.

"Considering the structure of household consumer expenses for 2017 published by Russian statistics agency, inflation estimate for February was revised downward to 0.2-0.4% month-on-month (4.6-4.8% on an annualized basis)," the ministry said.

Inflation was zero in the second week of February, the ministry reported. Foods prices were not growing on average during the period from February 7 to 13.

It was reported earlier inflation in Russia declined to 5% on an annualized basis in January 2017.

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