Russian inflation could hit 17-20% this year

Russian inflation could hit 17-20% this year
# 13 April 2022 15:12 (UTC +04:00)

Inflation in Russia could reach between 17% and 20% this year, Alexei Kudrin, the head of Russia's audit chamber, said on Wednesday, APA reports citing Reuters.

Annual inflation in Russia accelerated to 16.70% as of April 1, its highest since March 2015, the economy ministry said last week, as the volatile rouble sent prices soaring amid Western sanctions over Ukraine.

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THE OPERATION IS BEING PERFORMED