MOSCOW, August 12. /TASS/. Inflation in Russia slowed to 8.8% by the end of July, compared to 10.3% in March, by the end of the year, price dynamics may reach 6-7%, which is below the forecast, Russian President Vladimir Putin said at a meeting on economic issues.
He also noted that an increase in hidden and official unemployment is being observed in the country, but it remains at an all-time low.
TASS has assembled the key statements by the head of state.
The decline in inflation in Russia is an "important achievement", at the end of July it was 8.8%: "By the end of the year, consumer price dynamics may already be within 6-7%, which is below previous forecasts."
Many experts "are talking about the emergence of risks of excessive cooling of the economy and even recession," but the Bank of Russia "is in control of the situation," Putin said.
