Russia's inflation will be 12-13% in 2022, Kremlin aide says
Reuters
Published Aug 29, 2022 14:07
(Reuters) - Russia's First Deputy Prime Minister Andrei Belousov said inflation will come in at 12-13% in 2022, below earlier expectations, as the economy looks set to defy the gloomiest predictions of a near collapse in the face of Western sanctions.
In a televised government meeting, Belousov also said consumer goods imports had largely rebounded thanks to parallel import schemes designed to replace Western goods that firms have pulled from the Russian market.
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Written By: Reuters
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