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  Wednesday, December 7, 2022
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Inflation for the first four months of the year will total 5.4-5.6%
Inflation for the first four months of the year will total 5.4-5.6% and the real effective ruble rate will strengthen 5.4-5.5%, the Economic Development and Trade Ministry said Tuesday. Inflation in Q1 2006 stood at 5%, against an official figure for the whole of 2005 of 10.9%. "During the first half of April, price growth remained low (0.2%), and estimates say April price growth will be slower than in March," the ministry said. The government's official development program for 2006-2008 fixed the inflation target for 2006 at a maximum 8.5%. The Central Bank forecasts 2006 inflation at 8.5%, the Finance Ministry at 10%, the Economic Development and Trade Ministry at 9%, and the European Bank for Reconstruction and Development at 10.5%. The economics ministry estimates the ruble's growth against the dollar in real terms during the first four months of 2006 at 7.8-7.9%, and at around 6% against the euro, while the real effective rate is slated to grow 5.4-5.6%. The real effective ruble rate is calculated by the Central Bank using a basket of currencies of Russia's main trade partners. The figure grew 10.5% in 2005.
Print Inflation for the first four months of the year will total 5.4-5.6% Bookmark Inflation for the first four months of the year will total 5.4-5.6%

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