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Russia's 2020 inflation seen at 4.6–4.8% year-on-year: economy ministry

FILE PHOTO: People walk along the street as the government eases restrictions imposed to curb the spread of the coronavirus disease (COVID-19) in Moscow, Russia June 16, 2020. REUTERS/Evgenia Novozhenina/Files

MOSCOW (Reuters) - Russia’s economy ministry said on Friday that it expected inflation in Russia to reach 4.6-4.8% in 2020 year-on-year and 0.6-0.7% in December, compared to the previous month.

“Stabilization (in) the foreign exchange market,” will restrain inflation in December, deputy economy ministry Polina Kryuchkova said in a comment.

Reporting by Darya Korsunskaya, writing by Maria Tsvetkova, Editing by Catherine Evans

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