Russia’s Inflation Rate Higher than in the Ukraine and Belorussia

Rosstat (Russia’s State Statistics Office) with reference to Eurostat reported that in January 2011 inflation in Russia was the highest in Europe. In January 2011 the inflation rate was as high as 2.4%. The average inflation rate in 2010 was reported to be 8.8%.

As for food prices, during January-February 2011 they have risen by 3.2%, the annualized price growth in 2010 was 16.4%.

Source: http://top.rbc.ru/economics/