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Inflation Worse in Ukraine and Latvia
Russia’s inflation rate was high compared to most of Europe in the first five months of the year. It was higher only in Ukraine and Latvia. According to Rosstat, the Federal State Statistics Service, Ukraine has the highest rate. Price growth on the consumer market has reached 14.6 percent there. It was 7.7 percent in Russia, and 8.5 percent in Latvia, which was the worst in the European Union.
Germany and Norway had the lowest inflation in that period, at 1 percent. The most significant rises in prices in May over the previous month were 1.5 percent in Turkey (6.4% for the year) and 1.2-1.3 percent in Slovenia, Belarus and Ukraine (3.2%, 6.6% and 14.6%, respectively since the beginning of the year).
Rosstat based its material on those published by Eurostat and the data of national statistics services taken from the Internet in keeping with IMF standards.
www.kommersant.com
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