Russia's tariffs to be increased due to inflation in 2017

 Russia's tariffs to be increased due to inflation in 2017

The Russian Ministry of Economic Development in the updated forecast for 2017-2019 proposes to adjust gas tariffs for industry and population in 2017 at the level no higher than 3%, the Russian Economic Development Minister Alexey Ulyukayev said.

"It will be 3% for both industry and population," he said.

The minister also pointed out that inflation in Russia may be lower than 5.8% projected in the adjusted forecast by the end of this year.

"I think inflation will be 5.8% at most, maybe slightly lower," TASS cited him as saying.

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