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«AgroInvest» — News — Russia's 2010 inflation rate to top 8% - minister

Russia's 2010 inflation rate to top 8% - minister

2010-11-24 17:36:45

The rate of inflation in Russia will amount to 8-8.5% in 2010, Economic Development Minister Elvira Nabiullina said on Tuesday.

Official forecasts put the figure at 7-8%.

The country's 2010 budget deficit will be around 4.5%, which is 0.8% lower than official forecasts, Nabiullina told journalists in Geneva.

She said the ministry expected Russia's economic growth to amount to 3.8% by yearend.

RIA Novosti