Russias Feb inflation hits 18-month high

Times of India
Tuesday 5th March, 2013

inflation rate to its highest in 18 months in February lends weight to the central bank’s argument to wait with monetary easing, despite strong signals that the economy is slowing. The annual inflation rate reached 7.3 per cent last month, official data showed on Tuesday, its highest since August of 2011 and well outside the 5-6 per cent goal for the whole of the year, pushed up by a broad increase in food prices. The

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