Bank Chairman Downbeat on 6% InflationTarget

© RIA Novosti . Ruslan Krivobok / Go to the mediabankBank of Russia First Deputy Chairman Alexei Ulyukayev said on Friday that it would be harder for Russia to reach inflation levels of six percent in 2012 than last year.
Bank of Russia First Deputy Chairman Alexei Ulyukayev said on Friday that it would be harder for Russia to reach inflation levels of six percent in 2012 than last year. - Sputnik International
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Bank of Russia First Deputy Chairman Alexei Ulyukayev said on Friday that it would be harder for Russia to reach inflation levels of six percent in 2012 than last year.

Bank of Russia First Deputy Chairman Alexei Ulyukayev said on Friday that it would be harder for Russia to reach inflation levels of six percent in 2012 than last year.

"It will be harder to reach a six percent inflation level this year. We should not to be too complacent, even with the current positive rates of inflation," Ulyukayev told the Forum Russia 2012.

The country's central bank said earlier on Friday that the annual growth in consumer prices fell to 4.1 percent as of January 30 owing to the planned deferral of any increases of regulated prices and tariffs to the middle of 2012.

The Russian government forecasts inflation in 2012 at five or six percent. Last year, consumer price inflation hit an historic post-Soviet low of 6.1 percent.

 

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