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Russian inflation

Published November 1, 2007
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MOSCOW, Oct 31: Russia’s economy ministry on Wednesday predicted inflation could rise by up to 11 per cent this year, Interfax said, amid popular anger at rising prices ahead of parliamentary elections.

A report issued by the Economic Development and Trade Ministry predicted inflation of between 10.5 and 11 per cent in 2007, up from a previous official estimate of 10 per cent, the news agency reported.—AFP

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