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Inflation may exceed forecasted level

Russia » Economics

The inflation rate in the Russian Federation may exceed the forecasted level of 14 percent, Economy Minister German Gref declared at the sixth conference "Marketing in Russia".

According to him, the dynamics of growth in prices always advances in November and December. The Economy Minister pointed out that the inflation rate was likely to be 14 percent or would be a little bit higher. At the same time Gref stressed that it would not exceed 15 percent.

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