March 14, 2018 / 1:09 PM / 7 months ago

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

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.

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

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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