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Russia GDP up 0.2%, inflation up 1.7% in Jan. - Gref

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NOVO-OGARYOVO (Moscow Region), February 26 (RIA Novosti) - Russia's GDP rose 0.2% in January, month-on-month, and 7.2%, year-on-year, the economic development and trade minister said Monday.

"January inflation was 1.7%, which is 0.7% less than in January 2006," German Gref said.

He said inflation in the first 19 days of February rose 0.5%, as compared to 0.7% in the same period of last year.

"January and February inflation will be 1.5% lower than in the first two months of last year," he said.

Gref said industrial output rose 8.4% in January, year-on-year, while electricity, natural gas and water consumption fell more than 10%.

He said household incomes rose 13% in January, year-on-year, while real wages were up 17%, year-on-year.

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