Business

Russia's 2010 inflation to reach 7.5 pct, higher than forecast 6.7 pct

Alexei Kudrin

12:35 30/08/2010

Multimedia

Russia: Key economic indices, 2009-2010

MOSCOW, August 30 (RIA Novosti) - Russian consumer price inflation will rise to 7.5 percent this year, higher than the previously expected 6-7 percent, Finance Minister Alexei Kudrin said on Monday.

The Economic Development Ministry adjusted the official forecast for 2010-2013 last week following the country's worst ever heatwave and drought.

"I think this year's inflation will be around seven percent or even slightly higher, even up to 7.5 percent, and next year it will also range between six and seven percent," Kudrin said.

The Economic Development Ministry still expects gross domestic product growth at about four percent this year, Kudrin said.

Add to blog
Send to friend
Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20100830/160392644.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20100830/160392644.html"><img src="http://en.rian.ru/images/16039/31/160393134.jpg" width="120" height="83" border="0" alt="Alexei Kudrin" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/business/20100830/160392644.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russia's 2010 inflation to reach 7.5 pct, higher than forecast 6.7 pct</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">12:35</span> <span style="color:#5590bf; padding-right:7px;">30/08/2010</span> <span style="font-size:12px;">Russian consumer price inflation will rise to 7.5 percent this year, higher than the previously expected 6-7 percent, Finance Minister Alexei Kudrin said on Monday.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20100830/160392644.html" title="Russia's 2010 inflation to reach 7.5 pct, higher than forecast 6.7 pct">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

Preview:

Russia's 2010 inflation to reach 7.5 pct, higher than forecast 6.7 pct

12:35 30/08/2010 Russian consumer price inflation will rise to 7.5 percent this year, higher than the previously expected 6-7 percent, Finance Minister Alexei Kudrin said on Monday.>>

Other news of the day