Russia: Inflation at only 0.5 percent in January

The trend to a lower inflation continues in Russia. Inflation was only 0.5 percent in January 2012. In the same month last year, the average was at 2.4 percent. The federal statistics service Rosstat informed about that in a statement on Monday.  

Food prices increased by 0.8 percent on average, while prices for non-food products rose by 0.4 percent. Services cost 0.2 percent more than in December. 

Link (submitted by Sun Jin)