MOSCOW, November 9. /TASS/. Inflation in Russia will return to the target of 4% during 2018, Igor Dmitriev, head of the monetary policy department at the Bank of Russia, told journalists.
"Dynamics of inflation will be back to the target of 4% in 2018. It is difficult to talk about more precise terms, but we are confident that inflation will return to 4%," Dmitriev said.
He said that so far the regulator maintains its forecast for inflation in Russia at 3% for the year but it can be revised. He added that monthly inflation in October, according to the regulator, was 0.2%.
Earlier on Thursday, the Economic Development Ministry published a forecast saying that the annual inflation in November will be in the range of 2.6-2.7%, and in December it will be in the range of 2.5-2.8%, depending on the further dynamics of the ruble exchange rate.