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Russia expects inflation below 5%

Staff writer |
Russian Prime Minister Dmitry Medvedev said he expects inflation to be at around 4-5 percent at the end of 2014.

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Mr. Medvedev told Rossiya-24 television in an interview that the Russian government's measures, including a decision to freeze natural monopolies' tariffs next year, would allow to limit inflation. The prime minister also said this year's inflation would be within the target corridor of 6 percent.

Russia's Finance Minister Anton Siluanov said earlier this month his ministry expects inflation to reach 5.5-6 percent in 2014, although a freeze in tariffs for natural monopolies could hold it down to 5 percent or lower.

Earlier on Saturday, speaking at an international investment forum in the southern Russian city of Sochi, Mr. Medvedev dismissed a myth that Russia is an unpredictable country.

"We have a very high level of predictability. On the contrary, we are reproached for being ruled by one and the same political force. But if it is the same political force and people vote for it, then it guarantees predictability," Mr. Medvedev said.

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