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Inflation in Russia since start of 2007 hits 3.7% - Central Bank

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MOSCOW, April 18 (RIA Novosti) - Inflation in Russia grew 3.7% since the start of the year, the first deputy chairman of the Bank of Russia said Wednesday.

Alexey Ulyukayev said inflation might reach 4% in four months of 2007, compared to 5.4% during the same period in 2006.

Russia's economics ministry earlier projected annual inflation at 6.5-8% in 2007.

In 2006, inflation was 9% and is expected to gradually fall over the next few years.

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