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Aleksey Kudrin:Russia Can Achieve Decrease In Inflation To 8,5% In 2008

February 21, 2008 | Banki.ru

The Government of Russia can achieve decrease in inflation to 8,5% following the results of 2008, the Vice-Primier and the Minister of Finance of the Russian Federation Alexey Kudrin is assured. “In 2008 we expect to achieve decrease in inflation to 8,5% because there will be no such gain of the prices for the foodstuffs at the world markets, there will be no such record inflow of the capital“ — Kudrin told at the Federation Council Session on Wednesday.

The Government didn’t manage to persue the scheme on inflation following the results of this year, because of a peak rise in prices for the basic foodstuff in the fall of 2007 and also record inflow of the capital to the country. Instead of the planned 8% the rise in prices appeared at level of 11,9%.

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