Russian Inflation Accelerates Slightly In August
Source: http://russiatooat.blogspot.com/2008/09/russian-inflation-accelerates-slightly.htmlPosted on Friday, September 5th, 2008 | In Russia
Contributed by: Edward Hugh (http://globaleconomydoesmatter.blogspot.com) -
Russian inflation accelerated in August and remained close to its fastest pace in more than five years as food costs continued to rise. The Russian inflation rate rose to 15 percent from 14.7 percent in July, according to data from the Moscow-based Federal Statistics Service earlier today. Month on month, prices were up 0.4 percent, after rising 0.5 percent in July.
The central bank forecast slowing monthly price growth or a possible decline in August. Monthly inflation increased “unexpectedly” on meat and dairy costs, Alexei Ulyukayev, the central bank’s first deputy chairman said in response. Food prices increased an annual 22 percent in August, including a 45 percent gain in pasta and a 33 percent rise in dairy costs.
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Tags for this Post:
Alexei Ulyukayev, central bank, central bank forecast slowing, Federal Statistics Service, Food Costs, Food Prices, Moscow, Russia
Alexei Ulyukayev, central bank, central bank forecast slowing, Federal Statistics Service, Food Costs, Food Prices, Moscow, Russia
![]() About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others. Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource". Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net. Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe. |




