Support The Moscow Times!

Inflation to Exceed Forecast

Inflation will exceed forecasts this year, Deputy Economic Development Minister Andrei Klepach said Tuesday.

“We won’t meet a forecast of 6 percent to 7 percent,” Klepach told reporters. “But we think the inflation rate will be lower than last year’s level.”

Consumer prices will probably advance at least 0.5 percent in August, Klepach said. 


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.