MOSCOW: Russia's Economy Ministry has raised its year-end inflation forecast for 2014 to 7.5 percent from 7.2 percent, Economy Minister Alexei Ulyukayev said on Tuesday, Interfax news agency reported.
Ulyukayev said there was a risk that inflation for the year would be as high as 8 percent.
Inflation was running at 7.7 percent in early September, having been boosted by a ban on many Western food imports introduced in August in retaliation for Western sanctions over the Ukraine crisis.
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