Russia's annual inflation slows to 14.31%

Russia's annual inflation slows to 14.31%

Inflation in Russia on August 23-29 slowed to 14.31% in annual terms against 14.6% a week earlier, according to the Ministry of Economic Development.

"For the week from August 23 to August 29, deflation was 0.16% after 0.15% for the week from August 16 to August 22. In annual terms, the price growth rate continued to decline to 14.31% year-on-year," the ministry.

According to the draft forecast of the socio-economic development of the Russian Federation until 2025, inflation in Russia by the end of this year will be at the level of 13.4%.

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