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Inflation rate outstripping G8

Russia continues to have a higher inflation rate than other countries in the Group of Eight (G8), according to a report on comparative economic statistics for January-September issued by the Federal State Statistics Service (Rosstat).

Annual inflation in Russia was 7.2% in September 2011.

Among the G8 countries, which include Britain, Germany, Italy, Canada, Russia, the United States, France, and Japan, Britain posted the highest annual September inflation after Russia – 5.2%. It was 3.9% in the United States, 3.2% in Canada, 3.0% in Italy, 2.6% in Germany, 2.2% in France, and 0.0% in Japan.

Among the BRIC (Brazil, Russia, India, and China) countries, India posted 10.1% September inflation, Brazil – 7.3%, and China 6.1%.

China had the most GDP growth for the third quarter of 2011 among G8 and BRIC counties – 9.1% year-on-year. Q3 GDP growth was 4.8% in Russia, 2.6% in Germany, 1.6% in the United States, also 1.6% in France, and 0.5% in Britain. Japan’s GDP contracted 0.2% year-on-year in Q3. 

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