MOSCOW, April 3 (RIA Novosti) - Inflation in Russia
hit 5.3% in the first three months of 2009, the head of the
Central Bank said on Friday, adding that consumer price growth
for the year could however total less than 2008's 13.3%.
"According to preliminary reports, inflation was 5.3% in
the first three months [of 2009]," Sergei Ignatyev said, adding
that inflation in January-March 2008 was 4.8%.
He also said inflation stood at 1.2% in March 2009.
Ignatyev said the ruble's recent slump, which he said
ended in January, was still a major factor in keeping inflation
However, the banker said, inflation would soon slow down
due to "an absolute break in the ruble supply in the past few
months and the consistently low level of global food, energy
and commodity prices."
"Inflation will be some 13% in 2009, according to our
estimates. It could also be lower," he added.