File - A worker arranges cheese for sale at a grocery store in Moscow August 7, 2014.REUTERS/Maxim Zmeyev
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Russian inflation accelerated to the fastest pace in three years, putting pressure on the central bank to raise interest rates even as economic growth shrivels.Consumer prices jumped 8 percent from a year earlier in September after a 7.6 percent advance the previous month, the Federal Statistics Service in Moscow said Friday in an emailed statement. Faster inflation has prompted the central bank to raise its benchmark rate three times this year to 8 percent from 5.5 percent in February.Prices will continue to increase this month, according to 83 percent of respondents in a Sept. 28 survey by the Public Opinion Foundation.Inflation may be about 8 percent this year, central bank Governor Elvira Nabiullina said Thursday at a business forum in Moscow.
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