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Russian prices surpassed Europe

Jul 5th, 2009 | By admin | Category: Main News

Rosstat published comparative data on inflation in Russia and 38 countries (mainly European) world. It was found that the rate of price growth in Russia - one of the highest.

For January - May, prices rose by 6,8%. Higher inflation in Belarus - 6.9% and in Ukraine - 7,4%.

But in Western Europe, based on Eurostat, prices since the beginning of the year did not grow up. Inflation in France for five months was 0.5%, Italy - 0.6%, Sweden - 1.6%, Latvia - 2.5%, Lithuania - 2,7%. Most have not changed prices in Belgium, Portugal and Slovakia. Fell - in Germany, Ireland, Spain and Estonia. In general, inflation in 27 EU countries from January - May was less than 1.7%.

not in favor of Russia and the comparison with the rest of the world. For example, in the U.S. prices have increased since the beginning of the year at the same 1.7% in Canada - 1.2% Brazil - 2.2%. In Kazakhstan, whose economy has experienced in the past year, the strongest shock, inflation stood at 3.5%.

be fair, it should be noted that the rate of growth of prices in Russia are reduced. Inflation in May in the annual terms (ie in May 2008 to May 2009), slowed to 12,3% against 13,2% in April and 14% in March. This gives the Government hoped that by the end of the year inflation will not exceed the planned 13%.

The biggest impact on our inflation in recent months has been held in January - February devaluation. As a result - imports went up, and this influenced the fact that prices remained high. Now they are continuing to grow, but at a slower pace. This allows say that in 13% this year, we meet, as predicted. Maybe inflation will be less, - said Deputy Prime Minister - Finance Minister Alexei Kudrin on Thursday in New York for the UN conference on global financial and economic crisis .

In 2008 inflation in Russia amounted to 13,3%.

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