Target inflation of 7pct is complicated to achieve - Kudrin

KRASNOYARSK, February 20 (Itar-Tass) -- Russia's Deputy Prime
Minister, Finance Minister Alexei Kudrin realises the risks of inflation's
monetary factors and doubts the inflation forecast of seven percent in
2011 is realistic.
Higher food prices are the main reason of the inflation growth, he
said on the sidelines of the Krasnoyarsk economic forum on Saturday.
"We have another risk: we may lose control over the inflation's
monetary factors," he said. Minding this risk, the government made a
decision not to use all extra revenues from export of oil and gas for
budget purposes.
"I believe, this decision made by the president and prime minister, is
very important and correct," Kudrin said expressing confidence that the
measure would lower the inflation which had speeded up in the beginning of
the year.
"We do not refuse from our target as far as the inflation is
concerned," he said. "But, I believe, it would be very complicated to make
it seven percent over this year."