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Russia's Growing Inflation Headache

Posted on May 05, 2008

Russia's inflation rate rose to 14.3 percent, the highest since April 2003, led by rising food costs. The inflation rate rose from 13.3 percent in March, while prices rose 1.4 percent in the month, compared with 1.2 percent in March, the Moscow-based Federal Statistics Service reported in an e-mailed statement today. The annual result matched the median forecast of 19 economists surveyed by...

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