Russian 2014 inflation forecast to reach 7.5%

Russian 2014 inflation forecast: Russia’s Economic Development Ministry has  simultaneously increased its inflation forecast to 7-7.5% and halved its predictions for economic growth for 2015. Deputy Economic Development Minister Alexei Vedev asid on Tuesday that the EU food import ban was expected to add around 1% to this year’s inflation rate and 0.5% next year. The Moscow Times