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Russia’s inflation up in July but down since start of year

August 05, 2013, 17:37 UTC+3
The biggest rise in July was registered in the tariffs for housing and utility and passenger railway services
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MOSCOW, August 5 (Itar-Tass) - Inflation in Russia was 0.8% in July and 4.4% since the start of the year against 0.4% and 3.5%, respectively, in June, the Federal Service for State Statistics said on Monday, August 5.

These figures match the projections earlier announced by the Ministry of Economic Development.

The biggest rise in July was registered in the tariffs for housing and utility, and passenger railway services.

Inflation slowed down in July to 6.5% YoY, compared to 6.9% in June.

The forecast made by the Ministry of Economic Development projected that inflation would go up to 0.8-0.9% in July and to 4.3-4.4% since the start of the year.

According to the Federal Service for State Statistics, housing and utility services tariffs in July increased by 7%. The price of network and liquefied gas, and electricity grew by 10.1-12.9%. Railway fares increased by 8.7-9.3%.

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