Inflation could top 10 per cent this year by Tom Washington at 21/01/2011 16:13

The prospects look bleak on the financial markets, as inflation looks set to push on up and threatens to break into double figures.


At the end of last year inflation busted official predictions and hit 8.8 per cent, when president Medvedev asked the government to do something about it.


And increased food costs, coupled with annual utility hikes, have seen January's inflation rates continue to rise.