Since the beginning of the year prices rose by 5,7%

Inflation in Russia on May 24 amounted to 5,7%. This was stated today Bank of Russia Chairman Sergei Ignatiev, the International Banking Congress. Regulator promises that this year and next year growth in prices will be no higher than 7% a year, "In conditions of low aggregate demand for goods and services inflation continues to decline. For 12 months - April 2009 to April 2010 - The inflation rate was 6% as well as at 24 May annual inflation was, according to our estimates, is 5.7% ", - said Ignatiev. But at the same time, he did not rule out that inflation could accelerate. Recall that the head of the Russian government Vladimir Putin at a meeting on the definition of scenario conditions for economic development earlier this week stressed that the need to identify measures for the sustainable reduction of inflation, so in the coming years the growth of prices in Russia did not exceed 5-7%. Meanwhile, inflation in Russia from 18 to 24 May, according to the Federal State Statistics Service, the newly constituted 0.1% after a week of zero growth in consumer prices, the end of May price increase amounted to 0.3% since the beginning of the year, inflation gained 3.8%.