Russian Economy Ministry To Increase 2018 Inflation Forecast - Minister Oreshkin

Mohammad Ali (@ChaudhryMAli88) Published August 22, 2018 | 08:21 PM

Russian Economy Ministry to Increase 2018 Inflation Forecast - Minister Oreshkin

SOCHI (UrduPoint News / Sputnik - 22nd August, 2018) Russia's Economic Development Ministry will raise the 2018 inflation forecast, the weakening of the ruble will add "a few tenths" of a percentage point, Economic Development Minister Maxim Oreshkin told reporters Wednesday.

"There are two main stories in terms of inflation there: the story with not the best harvest this season, we will have less harvest of wheat and grain than it was last year, so it will have some impact on food prices. Plus a weaker trajectory for the exchange rate, which we did not expect at the beginning of the year, will also add a few tenths to our forecast," Oreshkin said.

Facebook Twitter Reddit Pinterest Whatsapp

Prize Bonds

PSX 100 Index

Currency Rates

Gold Prices

Petrol Prices

Crypto

Recent Stories

SC orders end of encroachments in Karachi

SC orders end of encroachments in Karachi

Nazish Jahangir denies viral screenshots, calls th ..

Nazish Jahangir denies viral screenshots, calls them fake

Govt likely to hike electricity price once again

Govt likely to hike electricity price once again

Bismah Maroof announces immediate retirement from ..

Bismah Maroof announces immediate retirement from international cricket

Malala expresses unwavering support for Gaza peopl ..

Malala expresses unwavering support for Gaza people

Selection committee dissolved over Pakistan women ..

Selection committee dissolved over Pakistan women cricket team's poor performanc ..

Punjab CM Maryam Nawaz in police uniform at Chung ..

Punjab CM Maryam Nawaz in police uniform at Chung police center

Currency Rate In Pakistan - Dollar, Euro, Pound, R ..

Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024

Today Gold Rate in Pakistan 25 April 2024

Today Gold Rate in Pakistan 25 April 2024

Mired in crisis, Boeing reports another loss

Mired in crisis, Boeing reports another loss

Session Awarding Ceremony 2024 held at Cadet Colle ..

Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad

Austrian ski great Hirscher to make comeback under ..

Austrian ski great Hirscher to make comeback under Dutch flag