Issue 4353. Last Updated: 03/21/2010

Better Inflation Outlook for 2009

Bloomberg
The inflation rate this year through Monday was 7.2 percent, compared with 7.1 percent a week earlier and 8.5 percent in the same period of 2008.

Consumer prices rose 0.1 percent last week after rising by the same amount the previous week, the State Statistics Service said Wednesday.

The cost of frozen fish climbed 0.3 percent, while prices for chicken and powdered milk for infants each rose 0.2 percent in the week. The price of eggs, however, dropped 2.1 percent and sunflower oil slid 0.5 percent.

Consumer price growth is slowing "intensively," and the inflation rate will be significantly less than the government's forecast of 13 percent for 2009, Central Bank Chairman Sergei Ignatyev told the State Duma on Wednesday.



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