The inflation rate of 6-7% in 2011 will be especially hard in the
first quarter, deputy head of the Russian Bank Alexey Ulyukayev said,
RIA Novosti reports.
President Dmitry Medvedev said earlier that the inflation rate in 2010
exceeded the estimated 8.5% and urged the government to reduce it in
2011. The Russian Statistics Agency said that the inflation reached
8.4% on December 20.
The Ministry of Economy increased the official forecasts for inflation
to 8.5%, instead of 7-8%, in December. The consumer prices for food
rose due to the droughts this year.
The Ministry of Economic Development preserved the forecasts for
inflation at 6.5% in 2011. The forecasts for 2012 are 6.0% inflation
rate, 2013 - 5.5%.
