12 Aug 2009 16:32

Russia had 0.1% inflation for week August 4-10

MOSCOW. Aug 12 (Interfax) - Russia had 0.1% inflation for the week August 4-10, the Federal State Statistics Service (Rosstat) said.

This was the fifth week in succession that consumer prices have risen 0.1%.

Consumer prices grew 0.1% from August 1-10 and have increased 8.2% since the start of the year. In 2008, inflation totaled 0.1% over the first ten days of August, 9.4% from January 1 to August 10 and 0.4% for August as a whole.

Among foods, granulated sugar prices rose 1.7% last week, while egg prices grew 0.6%. The cost of dry milk mixtures for baby food, chicken and buckwheat increased 0.2%-0.4%.

The cost of millet, flour, cheese, frozen fish, pasteurized milk and sunflower oil fell by 0.2%-0.5% last week.

Fruit and vegetable prices fell by 2.1% on average in the period. Potato prices declined 4.1%, carrot prices fell 3.6%, while cabbage prices rose 0.5%.

Gasoline prices grew 1% in Russia over the week, while diesel prices edged up 0.1%.

The Economic Development Ministry's revised forecast is for inflation of 12%-12.5% in 2009. Analysts told Interfax in a consensus forecast at the end of July that they thought inflation this year will equal 11.3%.

Russia had 13.3% inflation in 2008, the highest yearly rate since the 15.1% recorded in 2002.