Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexEconomic EventsPress releases

Russia Consumer Prices Rise 6.5% in 2013, Exceed Central Bank Target

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/09/2014 | 01:15pm CET

MOSCOW--Russia's consumer prices rose 6.5% in the whole of 2013, exceeding the central bank's target due to a stronger-than-expected increase in food prices, data from the Federal Statistics Service showed Thursday.

In December alone, consumer prices rose by 0.5%, at the same pace as in the same month a year ago.

The central bank had aimed to contain inflation in the range of between 5% and 6% in 2013 and shrugged off calls from industrialists to lower rates in order to prop up economic growth.

The central bank's main commitment now is to tame inflation along with lowering inflationary expectations and it has repeatedly said that a rate cut would be possible only if these two aims were to be achieved.

The central bank's inflation target for this year stands at 5%.

Write to [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
11:51pDJCorrection to Tax Report Article
11:51p CARICOM CARIBBEAN COMMUNITY : Region’s UN Representatives prepare for post-hurricanes Pledging Conference
11:47pDJGOP Steams Ahead With Tax Overhaul
11:46p TOM ROONEY : Rooney Calls on Congress to Save Florida’s Citrus
11:44p Keystone pipeline spill pushes oil higher, fuels TransCanada opponents
11:35pDJWSJ.com What's News - Worldwide News Briefs for Nov 17
11:31p CITY OF PARK RIDGE IL : Toys for Tots
11:21p NOV. 29 : Social justice coffee hour
11:21p CARICOM CARIBBEAN COMMUNITY : All set for CARICOM UN High Level Pledging Conference
11:20p Despite Amazon, brick stores are not dead yet
Latest news "Economy & Forex"
Advertisement