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Inflation in Russia to reach eight percent by yearend – Putin

September 05, 2011, 17:13 UTC+3
According to Putin, by the end of the year consumer prices growth rates will reach eight percent. “It is another low figure,” he added
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CHEREPOVETS, Vologda region, September 5 (Itar-Tass) —— Russian Prime Minister Vladimir Putin said on Monday inflation in Russia may stay within eight percent by the yearend.

“As far as I know, inflation in Russia in the first six months of 2011 was five percent, or at the lowest level in the entire modern history of Russia,” the prime minister told a meeting of the ruling United Russia party’s regional offices in the North-Western federal district.

According to Putin, by the end of the year consumer prices growth rates will reach eight percent. “It is another low figure,” he added.

 

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