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Russo-British Information Portal

Inflation in Russia likely to exceed the planned 10 pct
Inflation in Russia likely to exceed the planned 10 pct Russias Deputy Prime Minister Alexander Zhukov told a conference here on Wednesday that this years inflation rate "will, most likely, exceed the planned 10 percent".

"This is connected primarily with the high prices of oil and a large influx of foreign-exchange currency that the Central Bank has to buy to prevent the rouble from growing stronger against the US dollar," Zhukov said in a speech at the conference on the theme of "Investments in Russias Future: New Markets and Opportunities".

Zhukov expressed hope that "inflation rate will be little mor
Ads
e than the 10-percent mark".

MOSCOW, October 27 (Itar-Tass)



28.10.2004
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