Medvedev: Govt sees Russia’s inflation slightly above 3% in 2017

GORKI, Moscow Region, Oct 16 (PRIME) -- The Russian government expects that inflation will be slightly above 3% in 2017, Prime Minister Dmitry Medvedev said on Monday.

“We can state with confidence that the Russian economy has entered the phase of growth. This is happening on the back of a record low inflation, it is more and more corresponding to those frameworks that are typical of developed countries,” Medvedev said.

“It has not gone above 2% since the start of the year, and we expect moderate figures for the year, maybe a little bit more than 3%. There has not been such a low level for the entire contemporary history of our country.”

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