May 17, 2013. Inflation rates in Russia are not expected to exceed 6% by the end of the year, Russian Finance Minister Anton Siluanov announced yesterday. At the same time, should this forecast prove wrong, the authorities promise to adjust the pension and other social welfare payments according to a corresponding index, Bank Koltso Urala's press service says.

Quotes RBC Daily: 'If inflation rate comes to more than 6%, we must apply the index. However, we feel this limit will not be exceeded during the first six months. And we generally feel that the annual inflation rate will stay within the 6% range or maybe slightly more.'