ST. PETERSBURG, June 6. /TASS/. Inflation in Russia is expected to slow down in the second half of 2024, Russian Finance Minister Anton Siluanov told reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"Inflation is still low and it will definitely slow down in the second half of the year," he said.

In March, the Russian Finance Minister said that the Bank of Russia’s measures to combat inflation were effective.

The St. Petersburg International Economic Forum (SPIEF) is held on June 5-8. This year’s theme will be "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." Scheduled events include meetings for small and medium-sized businesses, creative industries, the SPIEF Youth Day, as well as the Drug Security, SPIEF Academy and SPIEF Junior forums. SPIEF is organized by the Roscongress Foundation. TASS is the information partner of the event.