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    GDP GROWTH IN RUSSIA IN DECEMBER 2003 WAS 8%

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    MOSCOW, January 27 (RIA Novosti) - By the estimate of the Russian Federation Economic Development and Trade Ministry, in December 2003 the growth of the gross domestic product totaled 8.2% against December 2002; inflation grew 1.1%. This data appeared at the ministry's web site.

    Summing up the year, the GDP growth totaled 7%, and the growth of consumer prices 12%, as economic development minister German Gref had said earlier.

    The growth of industrial production, just as the GDP, totaled 7% in 2003 against the previous year. In December industrial production grew 7.9 percent against December 2002.

    Investments in the fixed capital in December grew by 14.5%; on the whole for the year they increased by 12.5 percent.

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