Inflation in Russia in 2012 will not exceed last year's level of 6.1 percent, Finance Minister Anton Siluanov said.
The Russian government forecasts inflation in 2012 at five or six percent. Last year, consumer price inflation hit an historic post-Soviet period low of 6.1 percent.
"We hope (2012) inflation level will not be higher than last year. We think we could live through this year with inflation level similar to last year's level," Siluanov told Russia Today international news TV channel late on Monday.
The minister also forecasts the country's economic growth in 2012 at 3.6-4 percent.
"The budget was formed taking into account this forecast. Lower economic growth reduces the tax return in the budget system. We lose about 150 billion rubles ($5.4 billion) on economic growth decrease with only one percent," he added.
As for capital outflow from Russia, Siluanov expected it would fall double in 2012 to about $40 billion year-on-year. Russia suffered net capital outflows of over $84 billion last year.
The minister also said the capital outflow problem would not be as sharp for Russia this year because the European central bank had started injecting funds in the EU banking system.
