The World Bank forecasts 5.9% inflation in Russia for 2016, said the World Bank microeconomist for Russia, Sergey Ulatov. The expert was speaking on Wednesday at a press conference in Moscow.
However, according to data from the Federal Service of State Statistics, officially published on the 5th of April, inflation has slowed down by 0.5% in March and in February it reached 0.6%. On a year-by-year basis, last month it dropped to 7.3%, as compared with 8.1% in February.
As for the Bank of Russia, its experts forecast 6-7% inflation in Russia for the period of 2016.
This is noteworthy, since the World Bank, and many other international institutions, provide more negative forecasts on Russia than do their Russian colleagues.