July 13, 2018 / 8:18 AM / 2 months ago

Russia annual inflation to pick up in July-Aug - econ min

MOSCOW, July 13 (Reuters) - The Russian economy ministry said on Friday it expects annual consumer inflation to increase to 2.5-2.6 percent in July and then to 2.9-3.1 percent in August.

In June, annual inflation stood at 2.3 percent, remaining below the central bank’s target of 4.0 percent. (Reporting by Polina Nikolskaya Editing by Andrey Ostroukh)

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