At the end of 2018, inflation in Russia should be about 4%. This is in line with the forecasts of the Central Bank, but the Minister of Economic Development of Russia, Maxim Oreshkin, believes that this figure may be somewhat higher.

"Even if you look at the forecast given by the Central Bank, and its forecast was 3.8-4.2%, then I believe that any of these figures fit into the target," RIA Novosti quotes Oreshkin.

The Minister stressed that today inflation is at a stable level and will not undergo serious deviations. At the same time, he stressed that inflation may be slightly higher than 4%.

Earlier, the Russian bank noted that at the end of 2018, inflation is forecast at 3.8–4.2% and its short-term growth in 2019 is 4–4.5%. The acceleration of inflation is also associated with US sanctions against Russian companies and enterprises.

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