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Economic Development Ministry expects annual inflation to slow down swiftly starting July

The ministry also said that fruits and vegetables prices would decline

ST. PETERSBURG, June 7. /TASS/. Russia’s Economic Development Ministry expects annual inflation to slow down swiftly starting July amid limited tariff adjustment from July 1 and the decline of fruits and vegetables prices, Minister Maksim Oreshkin told reporters on the sidelines of the St. Petersburg International Economic Forum on Friday.

"We currently see a decline of prices for fruits and vegetables, which is why whether there will be deflation or not depends on the food segment, but considering limited tariff adjustment starting July 1 - it will be lower than on July 1, 2018, and all that together can work for the benefit of a rather quick inflation slowdown," he noted.