Cbank sees 2019 inflation at lower margin of 3.2–3.7% forecast

MOSCOW, Nov 14 (PRIME) -- Russian inflation will be closer to the lower margin of the central bank’s forecast of 3.2–3.7% at the end of 2019, the central bank said in a report on Thursday.

“Taking into account the registered price dynamics, inflation of the end of 2019 will most probably be closer to the lower margin of the central bank of Russia forecast (3.2–3.7%),” the authority said.

The central bank still expects annual inflation to temporarily fall below 3% at the start of 2020, cleared of the value-added tax rise of early 2019.

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