Inflation has slowed and raised hopes for economic recovery

The surge in prices following the various crises in Russia ( collapse of the ruble , falling prices of oil, Ukrainian crisis , embargo on food products) seems stalled.

These crises have sealed the country's economic activity and led to a fall in purchasing power. Decline in revenues ( -9.3 %) and consumption at half mast (-8.7 % for retail sales) has been observed in March.

However, inflation is slowing markedly . After an inflation rate of about 11% in December , and nearly 17 % in early 2015. For the first time since August 2014 the rate was close to 0 at the beginning of June.

The authorities now expect to return to growth by the middle of next year. With expected rates of +1.7 to + 2.4% for 2017-2018 .

source : 20 minutes ch, the moscow times, shanghai daily