MOSCOW, February 11. /TASS/. Last year’s inflation in Russia exceeded the projected value and totaled 9.5%, Deputy Prime Minister Alexander Novak said.
"Speaking about inflation, it exceeded the projected value and totaled 9.5%, with food products having contributed the most, [demonstrating] annual [growth] rates of 11.1%. Non-foods growth rates equaled 6.1%, which is below inflation, while on services growth amounted to 11.5%," he said at a meeting of the Federation Council’s economic policy committee.
Inflation rates slowed down slightly over the past two weeks, Novak noted. "This means that we observe a decline. Measures that are being assumed now, are curbing inflation, so to say," he said.
"Speaking about people’s incomes, there are such indicators as nominal growth and real growth adjusted for inflation. Growth adjusted for inflation amounted to 8.4% last year <…> while the unemployment rate reached 2.3% by the end of the year," Novak said.