Speaking at the fifth session of the Russian Economic and Financial Forum in Switzerland, Zhukov said inflation was expected to go down to 6%-7.5% in 2007 and to 5% in 2008.
According to Zhukov, the Russian government has drafted a package of anti-inflationary measures. This package includes efforts to restrict the growth of prices in the housing and utilities sector and the charges of natural monopolies, curb the increase of prices for petroleum products through taxation, stimulate the development of domestic food markets and formulate the stable rules of regulating food imports.
In 2005, inflation slightly slowed down to 10.9% compared to 11.7% in 2004, Zhukov said.
Russian Finance Minister Alexei Kudrin earlier said that there were risks for the government to fail to reach the 9% inflation target in 2006.
