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Inflation in Russia Reaches Historic Low of 5.4% in 2016 - Prime Minister

© Sputnik / Ekaterina Shtukina / Go to the mediabankRussian Prime Minister Dmitry Medvedev
Russian Prime Minister Dmitry Medvedev - Sputnik International
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Inflation in Russia reached a historic low in 2016 and amounted to 5.4 percent, Russian Prime Minister Dmitry Medvedev said Tuesday.

Russian President Vladimir Putin attends his annual end-of-year news conference in Moscow, Russia - Sputnik International
Russia
Inflation in Russia to Total Some 5.5% in 2016 - President Putin
GORKI (Sputnik) — Russia can achieve the Central Bank's 4-percent target for 2017, he said.

"We have maintained a responsible macroeconomic policy, ensured the stability of the capital markets even under sanctions pressure. We have managed to seriously reduce inflation, its value in 2016 is the lowest in recent Russian history — 5.4 percent," Medvedev said at a government meeting.

"The achievement of… the inflation target of 4 percent this year is quite possible," he said.

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