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. Last Updated: 07/27/2016

Experts See Inflation at 6.1% in 2013

Russia's inflation in 2013 will amount to 6.1 percent, economists and analysts at 19 investment banks said in a survey.

Their GDP forecasts for 2013 were less optimistic than those of the Economic Development Ministry. Meanwhile, inflation and economic growth for 2012 almost fully met the government's expectations.

In December, economists lowered their estimates for 2012 inflation, from 6.8 percent to 6.6 percent. The Economic Development Ministry estimates inflation at 6.5 percent for 2012, and in 2013 at 5-6 percent.

Experts' estimates regarding economic growth have not changed since last month. As before, analysts expect a slowed rate of GDP growth, from 4.3 percent in 2011 to 3.6 percent in 2012, and 3.2 percent in 2013.

(MT)