23:24 GMT05 May 2021
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    Inflation rates in Russia will drop to single digits after 2015, Russian Central Bank First Deputy Chair Ksenia Yudaeva said in an interview with RIA Novosti on Tuesday.

    ISTANBUL, (Sputnik) The current Ministry of Economic Development inflation forecast for this year stands at 12 percent.

    In late January, the Central Bank had forecast inflation to peak in the second quarter of 2015, then drop below 10 percent starting January 2016.

    The risk of economic stagnation and high inflation remains in Russia, Ksenia Yudaeva added.

    Yudaeva first mentioned the threat of stagflation last January, when the phenomenon was observed not only in Russia, but also a number of other countries, including Brazil.

    Related:

    Russian Inflation for 2015 May Exceed 15%, Then Drop - Central Bank Head
    Russian GDP to Fall Three Percent, Inflation to Stand at 12 Percent in 2015
    Russia to Hit Peak Inflation of 15-17% in March-April 2015: Ministry
    Tags:
    stagnation, inflation, economy, Russian Central Bank, Russian Ministry of Economic Development, Russia
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