The Russian Ministry of Finance: this year’s inflation rate of 11.5 percent. – Polish Radio

The Russian Ministry of Finance: this year's inflation rate of 11.5 percent. – Polish Radio

According to official statistics, between 1 January and 22 December 2014, prices in Russia increased by 10.4 percent.
Slowed down to 6.5 per cent. in 2013, inflation in Russia accelerated through imposed in August by Moscow embargo on most European and American foods. In addition, in the fall of inflation have increased drastically weakening of the ruble which is the result of Western sanctions imposed in response to Russia’s role in the crisis Ukrainian and reductions in oil prices (the Russian economy is largely based on natural raw materials).
On Thursday morning, the Russian currency gained slightly in value. The euro had to pay 64.69 to 65.52 ruble ruble on Wednesday night, and 52.69 per dollar ruble (53.44 ruble on Wednesday evening). Anton Siłuanow expressed his belief that the fall of the ruble “was completed, and now the trend has to strengthen.”
PAP, kk