Russian Inflation Accelerates Slightly In August
Edward Hugh (September 5th, 2008) Writes:
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.
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.
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


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