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U.S. Outpaced Russia in June Inflation
The United States was ahead of Russia in inflation in June. There, the consumer prices surged 1.1 percent, while Russia had 1.0 percent. Nevertheless, Ukraine is the absolute leader in inflation acceleration, Russia’s statistics authority Rosstat reported with reference to Eurostat and national statistics services.
The pace of consumer prices somewhat slowed down in June, Rosstat concluded. Overseas, the greatest on-month growth was recorded in the United States (1.1 percent; 2.7 percent from early this year), Slovenia (0.9 percent and 4.2 percent respectively) and Ukraine (0.8 percent and 15.5 percent).
Therefore, Ukraine was the absolute leader in terms of inflation in January through June. The prices grew 8.7 percent in the first half-year in Russia and Latvia posted the six-month growth of 9.2 percent. The EU inflation averaged 0.4 percent in June and 2.5 percent in the first half-year.
Food prices were the key driving force of inflation. They increased 1.1 percent in Russia in June, having surged 12.9 percent since early this year. The EU had 0.3 percent and 3.5 percent respectively.
www.kommersant.com
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