11 Feb 2013 12:43

Russian Econ Ministry forecasts 0.6%-0.7% inflation in Feb

MOSCOW. Feb 11 (Interfax) - The Russian Economic Development Ministry forecasts 0.6%-0.7% inflation in Russia in February, according to the ministry's weekly report on the state of the economy, published on Monday.

In annualized terms, inflation will be 7.3%-7.4% in the second month of this year.

"According to the Russian Economic Development Ministry's estimate, in February the consumer price index will be 0.6%-0.7%, and 7.3%-7.4% for the yearly period (0.4% for the month in February 2012," the report said.

In January, Russia had 1% inflation (0.5% in the same month of 2012), the ministry said.