The Ministry of Economic Development announced a slowdown in annual inflation in Russia to 12.69%

It is reported by TASS with reference to the review.

“In the week of October 25-31, 2022, inflation was 0.07%.

In annual terms, inflation continued to slow down to 12.69% in annual terms,” the document says.

Earlier, Russian President Vladimir Putin admitted that by the end of the year, inflation in Russia could reach about 12%.