RSS   Newsletter   Contact   Advertise with us
Post Online Media
Russian economy   A government meeting devoted to economy

Putin says Russia’s annual inflation at 4.72%

Vladimir PutinRussia’s inflation is slowing down in annual terms this year, it broke the important threshold of 5% in February and amounted to 4.72% as of Monday.

President Vladimir Putin said that at a government meeting devoted to economic issues.

READ MORE Putin: If other countries remove sanctions, we will too

“The consistent contraction of inflation continued this year. In February, the factor fell below a psychologically important mark of 5% in annual terms, it became lower than that. As of February 13, the factor stood at 4.72%,” he said.

Activity and confidence of businesses are growing, and Russia has to support these tendencies and to create predictable economic and financial conditions for business operation.

“It is very important for us to find balanced decisions that will ensure a further fall of inflation, development of national production, industry and agriculture,” he said.

This will also help restore growth of real disposable incomes, one of the key priorities of the economic and social policy, he added.




What to read next





More inside POST
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy