Central Bank expects up to 0.5% inflation in Feb, as in Jan

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Central Bank expects up to 0.5% inflation in Feb, as in Jan

LIMASSOL, Cyprus. Feb 10 (Interfax) - The Central Bank of Russia expects inflation of up to 0.5% in February, as in January, CB First Deputy Chairman Alexei Ulyukayev told reporters on the sidelines of the Russia-Cyprus investment forum.

"It's hard to assess [February inflation] but I think it'll be level with January, or up to 0.5%," Ulyukayev said.

The inflationary target that the CB has set for 2012 (5%-6%) is achievable, he said. "I value this target as achievable - not simple, but achievable," he said.

Several experts have said that despite the positive start to inflation at the beginning of the year, inflation will grow a bit in comparison with 2011 and reach 6.6% for 2012 as a whole.