Russian President Vladimir Putin listens to Construction, Housing and Utilities Minister Vladimir Yakushev during a meeting in Moscow, Russia February 10, 2020.
Aleksey Nikolskyi | Sputnik | Kremlin via Reuters
There are signs that Russia’s economy is overheating with annual inflation currently at 5.9%, Anton Siluanov, the country’s finance minister, said Thursday.
“If we continue with increased spending, what will we get? Overheating. Elements of overheating are already visible — high inflation,” Siluanov said at the St. Petersburg International Economic Forum, according to a Reuters translation.
Consumer price inflation accelerated again in May, rising from 5.5% in April. Earlier this…