Putin instructed the head of the MAYOR to work on inflation targeting

The President of Russia Vladimir Putin had a working meeting with the head of the Ministry Maxim Oreshkin. The Minister spoke about the situation in the economy of the country in the past year and prospects for 2017, furthermore, discussed the issue of further reduction in inflation, the press service of the Kremlin.

According to Oreshkin, 2016 year ended on a positive note – the forecasts of decline in GDP of around 2% is not justified. Rosstat data indicate a decline of 0.2% in 2016.

He noted that in the second half of last year, the Russian economy is already largely reached the growth. At the beginning of this year, the situation is also positive, which suggests that economic activity begins to recover, the head of the MAYOR.

Inflation in Russia held?

As for inflation, then, according to Maxim Oreshkin, the trend in its decline continues. If at the end of 2016, the inflation accounted for 5.4%, now it is around 5%.

As expect in the Ministry of economic development, at the end of 2017, inflation will be on the numbers is about 4%, which will increase the income of the population.

Vladimir Putin instructed to work on this issue constantly. “We need to engage in as we speak, inflation targeting with Central Bank, government; where necessary, authority to connect. And regions need to work, of course,” said the head of state.

Leave a Reply

Your email address will not be published. Required fields are marked *