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Year-to-year inflation growth exceeds 6· percent as of July 8 - Central Bank

July 12, 2013, 23:50 UTC+3
The current inflation rate was mainly connected with the dynamic of food prices, administered process and tariffs
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MOSCOW, July 12 (Itar-Tass) - The year-to-year consumer inflation rate decreased in June and the beginning of July, but remained above the target, the Central Bank’s Department of External and Public Relations said on Friday, adding that the indicator gained 6.6 percent as of July 8, 2013.

The core inflation rate amounted to 5.8 percent in June 2013, the bank said.

The current inflation rate was mainly connected with the dynamic of food prices, administered process and tariffs. The Central Bank considers is it rather possible to return the inflation rate to the targeted gap within the second half of the year against the background of the current trend in the monetary policy, as well as under the absence of negative shocks on the food market.

 

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