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GORKI, January 18 (Itar-Tass) —— Inflation in Russia is projected to be 4.8 percent in 2012, according to Minister of Economic Development Elvira Nabiullina.
“In the past week inflation was 0.1 percent. Our forecast for January is 0.4 percent,” the minister said on Wednesday, January 18.
“Our projections for annual inflation is 4.8 [percent], and this is in fact a record,” Nabiullina said.
According to the Federal State Statistics Service (Rosstat), inflation in Russia in 2011 was 6.1 percent.
Inflation in the first two weeks from January 1 to January 16 was 0.2 percent, Rosstat said.
Inflation in January 2011 was 2.4 percent, following the growth of tariffs for the services of natural monopolies. This year, they will be raised from July 1.