Inflation Decrease is expected in 2015 in Russia

Representatives of Ministry of Economic Development and Central Bank are sure that inflation has already reached its top.

26.Oct.14 5:30 PM
By Mihail Prygunov
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Inflation Decrease is expected in 2015 in Russia

Representatives of Ministry of Economic Development and Central Bank shared their opinion about the fact that the level of inflation has already reached its top and will decrease in 2015. Such statement has been made by the head of Economic Development Department Alexey Vedev.

The level of inflation was 8% in the end of September and 7.6% in the end of August. However in accordance with statistics provided by Russian Statistic Center the inflation has increased by 0.3% during the period from 14th to 20th of October. The overall level of inflation ion Russia is 8.3% at the moment. Experts have already made their forecast regarding the fact that this level will be decreased to 7.5% in 2015.

At the same time Central Bank is also aimed in decreasing the level of inflation. Deputy Director of the Department Kseniya Yudaeva thinks that this is going to be a rather important contribution of the Central Bank in the overall economic development of the country as well as in reforms. She thinks that Russia now needs long-term investments. Low level of inflation will have a positive effect on financial market development.

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