Minister sees Russian inflation getting over peak for 2014 in May

ST. PETERSBURG, May 22 (PRIME) -- The consumer price inflation in Russia is passing its peak for 2014, standing at 7.5% in May, Economic Development Minister Alexei Ulyukayev said at the St. Petersburg International Economic Forum on Thursday.

“The peak will be over in the end of this month, it stands at 7.5% in comparison with the end of May last year,” he said. “We assume that by the end of the year the inflation will gradually fall to 6%, and this will be better than we saw last year,” he said.

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