Bank of Russia: Underlying Inflation Ran at 5-6% in August
Russia's central bank reported consumer prices fell slightly in August even as annual inflation ticked higher, with underlying price pressures estimated in the 5-6% range.
The Bank of Russia said underlying inflation in the country ran in the 5-6% range in August, according to a report cited by TASS.
The regulator's data showed consumer prices fell by 0.08% in August compared with the previous month, TASS reported.
Despite the monthly decline, annual inflation accelerated by 0.35 percentage points to reach 6.33%, according to the central bank's figures.
The Bank of Russia did not immediately provide further details on the factors behind the divergence between the monthly price drop and the rise in the annual inflation rate, based on the available report.
Sources
- Underlying inflation in 5-6% range in August — Bank of Russia — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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