Russia’s economics ministry cuts ’11 inflation forecast to 6.2-6.5 pct

Russia’s Economic Development Ministry has downgraded its forecast on inflation in 2011 to 6.2-6.5 percent from 6.5-7 percent, Deputy Minister Andrei Klepach said on Monday. “We have an inflation range at 6.2-6.5 percent. It is most likely to be near the lower boundary,” Klepach told reporters. Russia’s State Statistics Office has reported that inflation stood […]