NOVO-OGARYOVO, February 17. /TASS/. Inflation is decreasing faster than projected by Russia’s government and the Central Bank, Economic Development Minister Maxim Oreshkin said Friday.

"The economic dynamics is positive now. Inflation is decreasing faster than expected by the government and the Central Bank, which is good news," he said,

According to the data provided by the state statistics Service, Rosstat, inflation amounted to 0.6% in January 2017, and was 5% in annual terms. To compare, in January 2016, the consumer price growth stood at 1% in Russia.