The prices for fresh fruit and vegetables (but for potato and garlic) predictably dropped 3.3 percent and 16.7 percent on average respectively in July.
Photo: Yuriy Nesterov
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Inflation at 0.5% in July, 9.3% from Early 2008
The inflation was 0.5 percent in July, Interfax reported with reference to Russia’s statistics service Rosstat. Consumer prices surged 9.3 percent from early this year.
White rice (up 5.6 percent), beans (3.3 percent), table salt (3.1 percent) and honey (3 percent) were the growth leaders in July. The prices for chopped meat, pork, sausage, canned meat increased as well.
At the same time, the prices for fresh fruit and vegetables (but for potato and garlic) predictably dropped 3.3 percent and 16.7 percent on average respectively. Cheese shed between 0.2 percent and 1.1 percent depending on the type. But the prices for gasoline grew 3.8 percent, and diesel fuel went up 4.9 percent in July.
The consensus forecast that the Interfax experts made out in late July gives 12.9 percent as the year’s inflation. The RF Economic Development Ministry upgraded its inflation outlook past week from 10.5 percent to 11.8 percent.
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