The economic development Ministry raised its forecast for inflation

© RIA Novosti / Ilya Petliurite in fotobounce par value of 1,000 rubles. Archival photoThe economic development Ministry raised its forecast for inflation© RIA Novosti / Ilya Petliurite the image Bank

The economic development Ministry raised its forecast for inflation in Russia to 2018 to 3.4% from 2.6%, and in 2019 — to 4.3% from 4.2%, the report says «the economy» for August.

According to the Agency, the main factors for this revision was the weakening of the ruble and the growth in food prices, excluding fruits and vegetables.

«Describes the inflationary pressures are temporary and the beginning of 2019 their action almost exhausted. In addition, a stabilizing impact on inflation in 2019 will provide the dynamics of the ruble», — stated in the report.

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