Price growth has been accelerating for half a year, and has passed 7%, Elvira Nabiullina says Annual inflation in Russia has topped 7%, the head of the central bank, Elvira Nabiullina, has said, stressing that the figure requires more cautiousness from the government. “Inflation has been rising consistently since June, now exceeding 7%, and in accordance with our target of 4%, this increase cannot be called harmless,” she told the State Duma on Thursday. Her remarks followed criticism over the regulator’s recent decision to hike its interest rate to 15%. According to central bank chair, annual inflation does not r
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