Business Week, in its November 25, 2011 article, reports that Russia : Inflation Seen Breaching 7%.
Extract :
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The world’s largest
energy exporter is trying to cap inflation at 7 percent, which would be the
lowest year-end level since the Soviet Union collapsed in 1991. The
ruble’s depreciation since August may fan price growth next month as commodity
exports power economic growth above 4 percent, which “isn’t
bad,” Ignatiev said last week.
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