Putin says Russia’s annual inflation at 4.72% as of Monday

NOVO-OGARYOVO, Moscow Region, Feb 17 (PRIME) -- Russia’s inflation is slowing down in annual terms this year, it broke the important threshold of 5% in February and amounted to 4.72% as of Monday, President Vladimir Putin said Friday at a government meeting devoted to economic issues.

“The consistent contraction of inflation continued this year. In February, the factor fell below a psychologically important mark of 5% in annual terms, it became lower than that. As of February 13, the factor stood at 4.72%,” he said.

Activity and confidence of businesses are growing, and Russia has to support these tendencies and to create predictable economic and financial conditions for business operation. “It is very important for us to find balanced decisions that will ensure a further fall of inflation, development of national production, industry and agriculture,” he said.

This will also help restore growth of real disposable incomes, one of the key priorities of the economic and social policy, he added.

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