Russia's finance minister said Friday inflation in the country could be less than 9% in 2006

Saturday, October 19, 2019

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Russia's finance minister said Friday inflation in the country could be less than 9% in 2006. "We hope that inflation this year will be lower than 9%. We have this chance now," Alexei Kudrin said. As of November 14, 2006, accumulated inflation in Russia was 7.8%. In 2005, inflation stood at 10.9%, according to the economics ministry. The Russian government earlier adjusted its 2006 inflation target from 8.5% to 9%. A forecast for the country's social and economic development until 2009, prepared by the Economic Development and Trade Ministry, projects inflation at 6.5%-8% in 2007, 4.5-6% in 2008, and 4-5.5% in 2009.

Bookmark Russia's finance minister said Friday inflation in the country could be less than 9% in 2006