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Russia's inflation estimated at 0.5%-0.6% in November

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MOSCOW, November 29 (RIA Novosti) - Russia's inflation in November is estimated at 0.5%-0.6%, the Economic Development and Trade Ministry said Wednesday.

The ministry projects January-November inflation at 8%-8.1% against 10% in the same period of last year.

The chairman of Russia's Central Bank, Sergei Ignatyev, said on November 22 that annual inflation in 2006 will be about 9%, in line with the national target inflation level.

The economics ministry said consumer prices grew 7.5% in January-October, 2006.

The ministry also said the country's foreign trade in the first 10 months of 2006 aggregated $377.8 billion, with a trade surplus of $122.2 billion.

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