Russian Fin Min: Inflation target will be hit

The Russian finance ministry has said it expects inflation to remain under its 12 per cent target for 2003.

Source: Moscow Times

Monthly consumer prices are expected to rise less than 1 per cent in April, allowing the government to keep 2003 inflation under an official target of 12 per cent, a Finance Ministry official said on Wednesday 16 April..

Monthly inflation was 1.1 per cent in March and 1.2 per cent last April.

"No more than 1 per cent," First Deputy Finance Minister Alexei Ulyukayev tol

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