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Russia 8th in CIS inflation for 2007

February 08, 2008 | RBC

In terms of average annual inflation for 2007, Russia is eighth among the Commonwealth of Independent States (CIS) countries, with 9 percent, the CIS Interstate Statistics Committee has reported.

The highest inflation levels were registered in Tajikistan (21.5 percent), and the lowest – in Armenia (4.4 percent). Inflation stood at 16.7 percent in Azerbaijan, at 12.8 percent in Ukraine, 12.3 percent in Moldova, 8.4 percent in Belarus, 9.2 percent in Georgia, 10.8 percent in Kazakhstan and 10.2 percent in Kyrgyzstan. The average inflation rate for the CIS was 10 percent. Data for Turkmenistan and Uzbekistan were not released.

Industrial production in the CIS grew by an average of 7 percent last year, up from 5 percent in 2006, according to the Interstate Statistics Committee. The highest growth was reported in Azerbaijan (24 percent).

Industrial production grew 10.2 percent in Ukraine, 8.5 percent in Belarus, 9.9 percent in Tajikistan, 7.3 percent in Kyrgyzstan, and 6.3 percent in Russia. In Moldova reported a 2.7 percent in industrial production. Data for Turkmenistan and Georgia were not published.

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