Russia Annual Inflation at record 2.2% in January 2018

Moscow | 21st February 2018

The slowdown of annual inflation in January to a record 2.2% is primarily related to low food price growth rates, price dynamics in the regulated segment, and the rather stable ruble exchange rate.

” RUSSIA INFLATION AT 2.2% IN January 2018″

The Bank of Russia expects that annual inflation will remain at a low level and will gradually return to 4%. This will be supported by both the exhaustion of the effect of temporary factors and increased internal demand as the Bank of Russia moves from a moderately tight to neutral monetary policy.

Official Press Release by Bank of Russia

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