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Russia posts mid-February inflation

March 03, 2008 | RBC

Russia's inflation stood at 0.8 percent during the first 18 days of February, the Russian Economy Ministry's monitoring report on the economic situation in Russia states. According to preliminary data, the country's inflation is projected to reach 1.1-1.3 percent in February 2008.

Meanwhile, the ministry estimated January-February inflation at 3.4-3.6 percent, as inflation stood at 2.3 percent in January. Therefore, the year-to-date inflation is projected at 3.4-3.6 percent.

However, according to the Finance Ministry, inflation is anticipated to reach 3 percent in the first two months of 2008.

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