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Economy Ministry estimates monthly inflation

January 14, 2008 | RBC

Inflation is expected to reach 1.8 percent in January 2008, compared to 1.7 percent during the same month a year earlier and 1.1 percent in December 2007, a source close to the Economy Ministry stated. The acceleration of inflation can be attributed to a rise in public transportation prices, as well as housing and utility fees, the Economy Ministry's representative noted.

As reported earlier, inflation amounted to 11.9 percent in 2007.


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