Russian Inflation Grew for First Time in 3 Months on Fuel
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Russian inflation accelerated in April for the first time in three months to match the fastest pace since October 2009 as fuel prices surged following government efforts to contain them.
The inflation rate climbed to 9.6 percent from 9.5 percent in March, the Moscow-based Federal Statistics Service said today in an e-mailed statement. Consumer prices rose 0.4 percent from a month earlier, compared with 0.6 percent in March. The median estimate of 12 economists in a Bloomberg survey was for an annual rate of 9.7 and 0.5 percent on the month.