Lower inflation is doable but hard –Bank of Russia

A goal to lower the inflation rate to 6-7 percent is achievable but complicated, the Deputy Head of the Bank of Russia Alexey Ulykaev stated on Wednesday. Earlier, Russia’s President Dmitry Medvedev noted that the 2010 inflation rate was higher than predicted and reached 8.5 percent. This can be explained by the summer drought and wildfires.

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