July

This article was first published by RussiaFeed
Rosstat – Russia’s Central Statistics Board – has released figures for inflation at the end of July, which show the fall in inflation in Russia breaking all forecasts.
Prices in Russia grew only 0.1% in July.  In the last week of July prices actually fell.  The result is that the annual rate of inflation at the end of July fell to 3.9% from 4.4% at the end of June, when inflation briefly rose because of seasonal factors.

This article first appeared on Russia Feed.
Further confirmation that the Russian economy is now in a condition of steady growth came from the latest survey by IHS Markit, which showed manufacturing PMI (Purchasing Managers’ Index) in July rising to a six month high of 52.7.
To those unfamiliar with the concept of PMI here is how IHS Markit explains it