Russia Inflation Rate Up to 7.2% In April


Russia's annual inflation rate went up to 7.2 percent in April from 7.0 percent recorded in the previous month. The consumer price index rose by 0.5 percent month-on-month in April after rising 0.3 percent in the previous period, according to a release from the Federal Statistics Service.

In April, the price indexes of onions, potatoes and beets increased 11.4-16.5 percent. Prices for fresh tomatoes, fresh cabbage and carrots rose by 7.8-10.5 percent. In contrast, prices for cucumbers decreased by 10.0 percent, oranges by 3.5 percent, grapes by 2.0 percent and garlic by 0.8 percent.

The average cost of a minimum food basket in Russia at the end of April 2013 amounted to 2,773 rubles per month. This represents a monthly increase of 2.1 percent. 
 
Among the other types of non-food items, prices for brick red, matches, bikes for adults and children, lamps lighting, as well as for certain types of seasonal clothing and shoes increased by 1.1-2.0 percent.
 
Costs for postal and telegraph services rose by 7.9 percent and 3.8 percent, respectively.

GSK | Joana Taborda | joana.taborda@tradingeconomics.com
5/7/2013 2:12:50 PM