Russia's consumer prices rose 0.1 percent in the week to May 5 after staying flat in the preceding week, the State Statistics Service said Friday.
This takes the cumulative increase in prices since the start of the year to 1.9 percent, compared with 4.3 percent in the same period of 2011.
Inflation is set to accelerate later in the year because of a planned hike in utility tariffs, but the Central Bank pledges that it will keep the full-year rise in consumer prices in the range of 5 percent to 6 percent. In 2011, inflation hit a record low of 6.1 percent.
(Reuters)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
