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rates ranged from 3.22% to 4.74% p.a. against the yen. The dollar’s depreciation against the euro was (4.04% to 4.

Q1 as prices in the mining sector fell 2.8%. Fuel and en ergy producer prices declined 3.4% over this pe riod (they grew

registered in the monthly wage was the highest in the fuel and en production of coke and petroleum products ergy sector (27,636 rubles) and

oil was the accumu tember 2005. As a result, in September 2006 en lation of US commercial oil stocks, which this year ergy prices were

of debt cov ic situation in 2005, which covered almost 14,000 en erage in 2005. At the end of last year it stood at

3.2% against the market. Granulated sugar output declined 11.9% Japanese yen in June 2006 compared with Decem in January June 2006 year on

Japa 1.9%), and the Czech Republic (to 1.4% from nese yen in March 2006 on December 2005. The 0.8%). The level of

the United States was the result of growth in the price of en ergy used for household needs. Eurozone inflation stood at 2.2% in

6.3% against the Japanese In January September 2005, the US Federal yen and 5.9% against the British pound in Sep Reserve raised its

of timber products (51.7%). investment activity of non financial enterprises were en Enterprises’ activity in 2004 resulted in profit from suring the utilisation of