Russia's monthly inflation lower than in some European countries

Russia's February inflation proved to be lower than in a number of European countries, according to the Russian Federal State Statistics Service's (Rosstat) report on the increase in consumer prices based on the publications by Eurostat and national statistics services.

 According to Rosstat's data, Belgium accounted for the highest inflation among European countries with 2.3 percent in February. Meanwhile, inflation stood at 1.8 percent in Luxemburg, and 1.1-1.5 percent in Belarus, Ukraine and Latvia. At the same time, consumer prices went down in Greece, Estonia and Turkey 1.1-0.3 percent in February compared to the previous month.

 In Russia, the prices for products and services edged up 1.7 percent compared to January and 4.1 percent compared to December 2008.

RBC