MOSCOW, May 22 (RIA Novosti) - Inflation in Russia will be kept to a maximum of 9% in 2006 as compared with the rate of 10.8% in 2005, a deputy prime minister said Monday.
Alexander Zhukov told the lower chamber of parliament that the government had set itself the goal of keeping inflation to less than 5% a year in the next three years.
"I think this is one of the main objectives to increase investment in Russia and to improve the investment climate on the whole," he said.
Deputy Finance Minister Sergei Shatalov told the lower chamber Monday that the ministry forecasted inflation at 7.5% in 2007. He added that inflation in 2008 was forecasted at less than 5.5% in line with a government inflation targets.
