(RTTNews) – Russia’s consumer prices rose 0.6 percent month-on-month in March, taking the annual growth rate at 9.5 percent.
Monthly growth eased from 0.8 percent recorded in February. Food prices increased by 0.9 percent month-on-month and non-food prices rose by 0.5 percent.
Service charges grew by 0.3 percent. In March, Russia’s central bank left its benchmark refinancing rate unchanged at 8 percent, while raised the reserve requirement to contain inflationary pressures.Russia’s economy expanded 4.5 percent annually in the fourth quarter of 2010 following the 3.1 percent increase in the third quarter.
by RTT Staff WriterFor comments and feedback: editorial@rttnews.com