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Russia’s consumer inflation rate has grown by 4.4% since the beginning of the year

June 11, 2014, 22:53 UTC+3 MOSCOW
Over the same period of the preceding year, consumer prices had grown by 3.3% since January 1, 2013
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MOSCOW, June 11, 22:04 /ITAR-TASS/. Russia’s consumer inflation rate picked up the pace of 0.1% in the period from June 3 through June 9, 2014, the Russian State Statistics Service says in its regular report, adding that the indicator has gained up 0.2% since the beginning of June and grown by 4.4% since the beginning of the year.

Over the same period of the preceding year, consumer prices had increased by 0.2% since the beginning of June and grown by 3.3% since January 1, 2013. In June 2013, the country’s inflation was estimated at 0.4% In May 2014, Russia’s consumer prices grew 0.9%

Since the beginning of June, Russia’s average daily hike in consumer prices was estimated at 0.022%, as compared to 0.029% in May. Therefore, the consumer inflation rate may gain up about 0.7% with such a dynamics of prices. The Economic Development Ministry’s forecast is at 0.7-0.8%

On June 3 - June 9, 2014, the State Statistics Service registered the biggest growth of prices for poultry (1.5%) and granulated sugar (1.0%), as well as the prices of pork, Frankfurt and French sausages, sausages, tinned beef and pork, black tea, and millet increased by 0.4-0.7%, the report says.

Simultaneously, average prices of lamb and cheese slowed down by 0.3% and 0.2% respectively.

In the designated period, prices of fruit and vegetables went down by 0.4% on average across the country, the statistics says, adding that it registered 6-percent drop in cucumber prices and 3-percent decline in tomato prices, as well as prices of onions went down by 2.1% and prices of cabbages - by 1.3%

In the mean time, the Statistics Service registered 3.3-percent growth in the potato prices and 0.8-percent increase in the carrot prices over the week from June 3 through June 9.

Over the period under review, the Russian statistics registered 0.1-percent growth in petrol prices and no changes in the diesel fuel prices on average across the country.

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