OREANDA-NEWS. November 7, 2008. Inflation in Russia will come in at 13-13.5%, Economic Development Minister Elvira Nabiullina said. "We estimate it at 13-13.5%" – she said. According to her, the official target (currently set at 11.8%) is to be revised at a later time. As reported, EDM is to submit to the government the adjusted forecast of main macroeconomic indicators for 2008-2011 by December 1. The ceiling of EDM’s estimate exceeds CBR’s expectations, which has also revised its 2008 inflation target already. According to the last estimate of the Bank of Russia, inflation should not exceed 13% in 2008.