During the report, Minister of Economic Development Maxim Oreshkin said that inflation will be below 4% of the target in early October and “will go somewhere around 3.6%” in 2019, and “below 3% in the first quarter of next year” .
According to him, inflation is falling even faster than the expectations that he announced in July, RIA Novosti reports.
“This is partly understandable, because we know this“ canopy ”, which was formed as a result of just not enough energetic work to implement the plans of national projects. And the Central Bank, in anticipation of these 700 billion, slightly tweaked macroeconomic indicators, ”Putin replied.
As the president emphasized, as a result, "inflation is below target."
Earlier, Oreshkin called the Central Bank's updated forecast for inflation in Russia for 2019 to 4.2-4.7%.
In May, the Central Bank reported that the inflation rate in Russia is 5.1% in annual terms.