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  Monday, September 16, 2019
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Russia's economic development and trade minister said Monday that inflation in Russia in the first 20 days of March had increased 0.4%
Russia's economic development and trade minister said Monday that inflation in Russia in the first 20 days of March had increased 0.4% and was expected to grow to 0.6% over the month. Speaking at a government meeting with President Vladimir Putin, German Gref said inflation in March was lower than expected and twice as low compared with February, adding that he hoped inflation in 2006 would be down on last year's figure of almost 11%. "It is too early to speak about a trend, but we can see that measures [to regulate] natural monopoly tariffs have brought results and we hope inflation will be lower than last year," Gref said. According to the state statistics body, in January-February 2006, prices rose 4.1%, up from 3.9% in the same period last year, putting at risk the government's plan to keep inflation within this year's target of 8.5%. Gref said earlier in March that a rise in sugar prices and panic buying of salt, due to fears over supplies from neighboring Ukraine, had contributed to higher inflation at the start of 2006. In April, the government is expected to approve anti-inflation measures. Gref said they would help reduce inflation to 6%-7.5% in 2007, 4%-5.5% in 2008, and 4%-5% in 2009. Industrial output growth hit 3.5% in January-February, and gross domestic product grew 4.1%, the minister said.
Print Russia's economic development and trade minister said Monday that inflation in Russia in the first 20 days of March had increased 0.4% Bookmark Russia's economic development and trade minister said Monday that inflation in Russia in the first 20 days of March had increased 0.4%

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