Russia: Inflation rises in June
July 7, 2017
In June, consumer prices rose 0.6% from the previous month, edging up from May’s 0.4% increase. According to the Federal State Statistics Service (Rosstat), the result was largely due to rising prices for food items and services.
Inflation came in at 4.4% in June, above May’s 4.1%, which has marked the lowest level since June 2012. A stabilization in the ruble has helped support easing price pressures and annual average inflation declined from 5.6% in May to 5.4%.