March 14, 2018 / 1:09 PM / in a year

Russian GDP up 2 percent year-on-year in January: economy ministry

People stand on the Great Moskvoretsky Bridge, with the headquarters of Russian Foreign Ministry, the Kremlin towers and the Moscow International Business Center also known as "Moskva-City", seen in the background, in central Moscow, Russia, March 28, 2016. REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters) - Russian gross domestic product increased by 2 percent year-on-year in January, the Russian Economy Ministry said on Wednesday, up from 1.4 percent growth in December.

Inflation is seen staying below a central bank target of 4 percent throughout 2018 in absence of significant bad weather, the ministry said, and could fall below 2 percent in June.

Reporting by Darya Korsunskaya; Writing by Jack Stubbs; Editing by Maria Kiselyova

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