Inflation in Russia third higheest in Europe

Russia's inflation in the first half of 2010 was the third highest in Europe, RBC news agency reported Wednesday.

According to data from Russian Federal Statistics Service (Rosstat), inflation in Russia was 4.8 percent, behind only Romania and Malta, where it was 5.4 and 5.5 percent, respectively.

In July, the inflation rate in Russia was 0.4 percent compared with that of June. During the same period, the highest price growth was fixed in Romania (2.6), Malta (0.6) and Bulgaria (0.5). In the European Union as a whole, deflation of 0.2 percent was registered.

In Russia's July food market, the average price rose 0.3 percent month-on-month, and 5.9 percent since the year's start.

Source: Xinhua