Russia Inflation Accelerates in September on Food

Russia’s annual inflation accelerated for a second straight month after the country’s worst drought in at least half a century hobbled agricultural output.

Prices rose 7 percent from a year earlier, compared with 6.1 percent in August, the Federal Statistics Service said today in an e-mailed statement. Consumer prices advanced 0.8 percent from the previous month, after rising 0.6 percent in July. Both figures matched the median estimates in a Bloomberg survey of 15 economists.