Russia’s economy ministry sees annual inflation peaking in March

MOSCOW (Reuters) – Russia’s economy ministry said on Friday it expected annual inflation to peak in March and then gradual decline, after it had hit 5.7% in February, which was well above the central bank’s 4% target.

The minstry said it saw month-on-month inflation slowing to 0.5%-0.6% by the end of March, down from 0.8% in February.

(Reporting by Darya Korsunskaya, writing by Maria Tsvetkova; Editing by David Evans and Edmund Blair)