Russia's Inflation Rate for 2015 Estimated at 12.8 Percent

The inflation rate for 2015 in Russia is expected to reach 12.8 percent, Russian Economic Development Minister Alexei Ulyukayev said.

BEIJING (Sputnik) – Russia’s inflation level will go beyond the predicted 12.2 percent for 2015 and reach 12.7-12.8 percent if the current weekly growth dynamics remain unchanged, Russian Economic Development Minister Alexei Ulyukayev said.

“I see the upper ceiling closer to 13 percent. We are currently at 11.2 percent of accumulated inflation [as of October], and if there is inflation at 0.2 percent weekly, as it has been lately, this means that somewhere around 12.7-12.8 percent for the year,” Ulyukayev told journalists.