Inflation slows down in July on slower public utilities’ price rise - Business Wire - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Inflation slows down in July on slower public utilities’ price rise

MOSCOW, Aug 12 (PRIME) – Slower public utilities’ price rise contributed most to the slowdown of annual inflation to 4.6% in July, the central bank said in a statement on Monday.

“Expected decline of the annual growth rate of public utilities’ tariffs due to a smaller than a year before indexation with the first stage falling for January influenced the slowdown (of inflation) most. As a result, the annual growth rate of services’ prices decreased noticeably,” the central bank said.

Annual food inflation remained at the June level in July due to fruit and vegetable price growth and falling prices for other goods.

The central bank reiterated that inflation is to return to a 4% target at the beginning of 2020.


12.08.2019 15:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6997 -0.1527 22 nov
USD 63.8430 -0.1783 22 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1452.93 +0.31 16:39 21 nov
micex 2939.54 +0.10 16:39 21 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 258.04 +4.05 16:23 21 nov
lkoh 6068.00 -0.27 16:23 21 nov
rosn 450.80 +0.10 16:23 21 nov
sber 236.88 -0.38 16:23 21 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.6550 -0.0850 14:59 21 nov
USDTD 63.7000 -0.2500 16:23 21 nov