Russia's Economy Ministry raised its annual 2007 consumer price index (CPI) growth forecast by half of a percentage point to 11.00-11.5 percent on Tuesday, less than one week ahead of the parliamentary election.
"Inflation risks remain high. Growth in food products prices continues," the ministry said in its monthly report, pointing out that food prices rose by 0.5 percent in the first 12 days of November, above the headline CPI growth rate of 0.4 percent.