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Inflation in Russia 1.5% on Jan. 1-22 - CBR head

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MOSCOW, January 26 (RIA Novosti) - Russia's inflation in the first 22 days of January 2007 totaled 1.5%, the head of the Central Bank said Friday.

Sergei Ignatyev said inflation was 2.2% in the same period in 2006.

Inflation in Russia in the first 15 days of January was 1.3%, compared with 1.7% in the same period last year.

Last year's inflation aggregated 9%, down from 10.9% in 2005, according to the national statistics service.

A forecast for the country's social and economic development until 2009, prepared by the Finance Ministry, projects inflation at 6.5%-8% in 2007, 4.5-6% in 2008, and 4-5.5% in 2009.

However, late last year the economics ministry gave higher consumer price growth projections of 7% for 2008, and 6.8% for 2009. According to the ministry, inflation will slow down to 6.5% in 2010.

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