Sunday, December 30, 2007

Russian Inflation to Reach 12 Percent in 2007

From the Voice of America.....

Russia's finance minister says the inflation will be near 12 percent this year, exceeding the government's earlier forecast of eight percent. Alexei Kudrin said in an interview aired Saturday on a television (Vesti) news channel that higher food and oil prices and a significant capital influx caused the higher than expected inflation.