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Russia's inflation creeps up

      RBC, 28.01.2009, Moscow 14:33:47.Russia's inflation amounted to 0.8 percent between January 20 and 26, 2009, and 2 percent for the year to date (compared to 2.2 percent for the same period of January 2008), the Federal State Statistics Service (Rosstat) reported today. In January 2008 as a whole, the inflation rate stood at 2.3 percent.

      The rise in granulated sugar and tea prices contributed the most to the past week's inflation, reaching 6.5 percent and 1.2 percent, respectively. Meanwhile, prices for frozen fish, canned meat, rice, salt, and powdered baby milk increased 0.5-0.7 percent, whereas egg prices fell 1.3 percent and sunflower oil prices 0.8 percent. Fruit and vegetable prices rose 1.3 percent on average, while car gasoline and diesel fuel prices edged down 0.7 percent.

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