People's Daily, in its December 13, 2011 article, reports that Russia lowers inflation forecast for 2011.
Extract :
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MOSCOW, Dec. 12 (Xinhua) -- Russian Economic
Development Ministry on Monday lowered the inflation forecast in 2011 to
6.2-6.5 percent from 6.5-6.7 percent.
According to Deputy Economy Minister Andrei Klepach, Russia's inflation rate this year is expected to
"be near the lower boundary" of the range of 6.2-6.5 percent.
He said the forecast for 2012 inflation has been
unchanged with 5.0 to 6.0 percent.
Russian State Statistic Office reported earlier that
the country's inflation reached 5.7 percent as of Dec. 5.
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