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    Economic Development Minister Alexei Ulyukayev

    Russian Inflation Rate for 2016 May Be 7-7.5%

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    Russian Economic Development Minister said that Russia's rate of inflation for 2016 should be in the ballpark of 7 percent.

    MOSCOW (Sputnik) Russia's rate of inflation for 2016 should be in the ballpark of 7 percent, Russian Economic Development Minister Alexei Ulyukayev said Wednesday.

    "[The economy] will depend on the decrease of capital outflow and the level of inflation at approximately 7.5 [percent] for this year and to 5.5 percent for the end of the three-year period [ending in 2018]," Ulyukayev said during a government session in the Russian lower house of parliament.

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