Reshetnikov said that inflation in Russia this year will be 12.4%

It is reported by RIA Novosti. 

“Inflation will slow down: after a peak of 17.8% in April, we expect a decline to 12.4% by the end of the year,” the minister said, speaking at the Federation Council.

Earlier, Maxim Reshetnikov said that consumer demand in Russia had passed the peak of the decline, and in August it began to recover.