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Russia's 2020 inflation seen at 4.6–4.8% year-on-year: economy ministry - Metro US

Russia’s 2020 inflation seen at 4.6–4.8% year-on-year: economy ministry

People walk along the street in Moscow

MOSCOW (Reuters) – Russia’s economy ministry said on Friday that it expected inflation in Russia to reach 4.6-4.8% in 2020 year-on-year and 0.6-0.7% in December, compared to the previous month.

“Stabilization (in) the foreign exchange market,” will restrain inflation in December, deputy economy ministry Polina Kryuchkova said in a comment.

(Reporting by Darya Korsunskaya, writing by Maria Tsvetkova, Editing by Catherine Evans)

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