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Russia’s year-to-year inflation will slightly exceed 7% in April 2013 - Economic Ministry

April 12, 2013, 19:29 UTC+3
In his opinion, it is rather realistic that the inflation rate may be below six percent later
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BLAGOVESHCHENSK, April 12 (Itar-Tass) - Russia’s year-to-year consumer inflation rate will make up 7.1 percent in the current month, Economic Development Minister Andrei Belousov told reporters on Friday.

“While speaking about the 7.1-percent inflation, I bear in my mind the indicator of this April versus April 2012,” the minister said.

In his opinion, it is rather realistic that the inflation rate may be below six percent later.

According to earlier reports, the Economic Development Ministry forecasts the inflation rate at 5.8 percent upon the results of the current year.

 

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