A chilly start to the Russian summer could trigger rising
inflation rates in the second half of 2017, according to Russia’s Central Bank.
Unusually low temperatures across the west of the country
are expected to drive up food prices, potentially causing a knock-on effect
across the economy.
The strengthening ruble is still expected to keep inflation in check, with annual inflation rates not projected to exceed the 2017 government target of 4 percent, analysts said.
Actual inflation in Russia in 2016 amounted to 5.4 percent.