Min: Russia’s annual inflation to reach 4% already in May

MOSCOW, May 12 (PRIME) -- Russia’s annual inflation will reach 4% already in May, Economic Development Minister Maxim Oreshkin told Rossiya 24 television channel on Friday.

“We expect that the level of 4% will be reached already in May. Our estimates for the end of the year are not changing: we have a basic scenario of 3.8% – in case of the ruble  depreciation. The estimate with the stable ruble remaining at 56–57 (rubles per dollar) is around 3%,” he said.

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