Russian economy raising

The period of economy raising is to its end, when the hole world is in front of hard reality of weak growing and high inflation. In USA and Europe, the recesion is making a hard problems, after the burned mortgage crisis and distressed financial sector.
Developing markets, still have high economy raising, and the only affraid is the world inflation. During the previous year, Russia signed increasment of Gross Domestic Product with 8.1%, and in the first months of 2008 the level is the same., in spite of comming recesion in USA. And everything sounds good. But what to tell about Russian inflation, which for the year of 2007 was 7.4% and for January 2008 is the extreme 12.6%.
The higher inflation level is not so bad in developing economies, which quickly should reach the level of richer countries. Calculated in US Dollars of its current value, real growing of Russian Economy had been 27% yearly in the period of 2000-2007, in spite of its net growing of 7% yearly. The difference from 20 points is because of adding of inflational meaning to the nominal raising of the economy.
The inflational level in Russia is because mostly of the huge currency excesses, which increased the reserve of the country of nearly 500 billions US Dollars.