Putin: Russia on brink of victory over inflation

Inflation in Russia continues to decline, Russian President Vladimir Putin said at a meeting on economic issues.

"This year, a steady decline of inflation continues, the figure broke the psychological mark of 5% in annual terms in February of this year, and then lowered - as of February 13 it stands at 4.72%," TASS cited Putin as saying.

The President said that on the whole, the Russian government view positive dynamics in the country's economy, adding that last year’s main indicators turned out better than expected.

Putin has requested the government to find ways to tackle inflation and spur production growth in the country.