Report: Russia's retail sales growth slows

11/20/2012 | Bloomberg Businessweek

Retail sales growth in Russia slowed to 3.8% in October, the smallest increase in more than two years, as unemployment and prices rose and income growth lagged, according to the Federal Statistics Service. "It is evident that rather prominent inflationary pressures are weighing on the consumptive sector as inflation eats into the disposable income of consumers," said a research note from Tradition Analytics.

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