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Russia: Inflation on the Rise

Published: July 23, 2013; 20:12 · (Vindobona)

In the first six months of 2013, the inflation rate came at 3.5%. Compared to the reference period of 2012, the inflation rate was up by 0.4 percentage points.

Russia: Inflation on the Rise / Picture: © Flickr

Compared to the EU, Russia´s inflation rate is substantially higher. In the first six months of 2013, the average inflation in the EU was 0.7%. Like in the EU, the main driver of inflation were energy prices, food prices and rents.

Russia´s relatively high inflation rate is rather surprising. The country registers a significant economic slowdown. Above all, Russia suffers from…

This article includes a total of 240 words.

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