OREANDA-NEWS  The efforts made to reduce inflation are yielding results. The effectiveness of the measures was assessed by Russian President Vladimir Putin at a meeting on economic issues, the Kremlin website quotes the Russian leader as saying.

"Currently, the inflation reduction trajectory is below the forecasts of the government and the Bank of Russia. In other words, efforts to reduce inflation are yielding results," Putin stressed.

The Russian President recalled that consumer prices rose by 8.8 percent in July and 8.1 percent in August.

Earlier, Putin said that the Cabinet of Ministers needed to "walk on a razor's edge" and take the necessary measures to combat inflation and strengthen macroeconomic stability.