By Olga Razumovskaya

MOSCOW--Russia's inflation rate in 2016 will likely be 5.5%, Prime Minister Dmitry Medvedev said in televised comments Thursday.

The government currently forecasts 2016 inflation at 5.8%.

Mr. Medvedev said, however, that after speaking with the economy minister, he believes inflation will likely be around 5.5%.

Mr. Medvedev also said the country's grain harvest stood at 118 million metric tons. "This is the biggest harvest in all of Russia's modern history," he said.

Write to Olga Razumovskaya at olga.razumovskaya@wsj.com

(END) Dow Jones Newswires

December 15, 2016 04:52 ET (09:52 GMT)

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