Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Inflation Grows 3%




MOSCOW -- Russia posted 3 percent inflation in April, the State Statistics Committee said Friday.


The figure was a slight rise from the month before, but still a welcome piece of news for the country's battered economy. The government has been trying to keep inflation under control since the economy crashed last August. It's efforts have been relatively successful during the first four months of 1999.


Inflation was 84 percent last year, with most of the rise coming after the August crisis. But the state managed to keep inflation at 19.5 percent from January-April, and at 2.8 percent in March.


Economists have credited the government with resisting the temptation to print large sums of money, a move that would help pay off debts, but would also stoke inflation.