Annual inflation in Russia is close to a target value, said the Central Bank

© RIA Novosti / Ramil to Setdiscoverable in fotobank Gaidar forumAnnual inflation in Russia is close to a target value, said the Central Bank© RIA Novosti / Ramil to Setdiscoverable the image Bank

Annual inflation in Russia decelerated to 2.3%, still near the target values of 4%, said the Director of the Department of monetary policy of the Central Bank Igor Dmitriev at the Gaidar forum.

«Though inflation is 2.5% (in 2017 — ed.), the weekly estimate of 2.3%, yet we treat it as near to 4%,» he said, linking the deviation of inflation below target mainly temporary factors.

According to Rosstat, inflation in Russia by the end of 2017 amounted to 2.5%, from the beginning of 2018 to 15 January, consumer prices rose 0.2%.

The head of the Central Bank Elvira Nabiullina on Wednesday said that the regulator believes is the right inflation target of 4%, do not agree with the proposals to change the target for the lower.

RIA Novosti, a member of the media group «Russia today», is the official information partner of the Gaidar forum — 2018.

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