Inflation in Russia third highest in Europe

[wildcard]

Inflation in Russia third highest in Europe

http://news.xinhuanet.com/english2010/business/2010-08/25/c_13462551.htm

MOSCOW, Aug. 25 (Xinhua) -- Russia's inflation in the first half of 2010 was the third highest in Europe, RBC news agency reported Wednesday.

According to data from Russian Federal Statistics Service (Rosstat), inflation in Russia was 4.8 percent, behind only Romania and Malta, where it was 5.4 and 5.5 percent, respectively.

In July, the inflation rate in Russia was 0.4 percent compared with that of June. During the same period, the highest price growth was fixed in Romania (2.6), Malta (0.6) and Bulgaria (0.5). In the European Union as a whole, deflation of 0.2 percent was registered.

In Russia's July food market, the average price rose 0.3 percent month-on-month, and 5.9 percent since the year's start.

[wildcard]

Russian GDP, inflation growth outrun forecast

2010-08-27 02:00:41

MOSCOW, Aug. 26 (Xinhua) -- The Russian Economic Development Ministry revised upwards its economy and inflation growth forecast on Thursday, RBC news agency reported.

Russian economy will rise in 2011 by 4.2 percent, which is 0.8 percentage points up against its earlier forecast, according to the ministry.

For 2012, the forecast of Russian gross domestic product (GDP) will be 3.9 percent instead of earlier 3.5 percent, and for 2013 the GDP will be 4.5 percent instead of 4.2 percent.

The ministry also adjusted its inflation rates forecast. The new prognosis for 2010 is 7 to 7.5 percent instead of earlier forecast of 6 to 7 percent; for 2011, it is 6 to 7 percent instead of 5.5-6.5 percent.

At the same time, the ministry reconsidered downwards its 2010 forecast for capital investments, from 2.9 to 2.5 percent. For 2011, the forecast revised upwards from 8.8 to 10.1 percent. In 2012, the ministry expected that capital investments rise by 3.5 percent instead of 6.3 percent.

Updated forecast will be submitted for the government meeting on Aug. 30.

[BabushkaLady]

Russian GDP, inflation growth outrun forecast

MOSCOW, Aug. 26 (Xinhua) -- The Russian Economic Development Ministry revised upwards its economy and inflation growth forecast on Thursday, RBC news agency reported.

....

At the same time, the ministry reconsidered downwards its 2010 forecast for capital investments, from 2.9 to 2.5 percent. For 2011, the forecast revised upwards from 8.8 to 10.1 percent. In 2012, the ministry expected that capital investments rise by 3.5 percent instead of 6.3 percent.



Same lying and confused style as the Fed. Hum.

[wildcard]

Shhhh, you're going to get our choco ration reduced. :P

[Gknowmx]

Meh. Malta? Malta?

:ROFL:

Macon, GA has a GDP that is bigger than Malta....
http://freemarketmojo.wordpress.com/2009/09/27/gdp-of-u-s-cities-vs-gdp-of-comparable-countries/