Russia Inflation Rate Confirmed At 5.4% In December


Consumer prices in Russia increased 5.4 percent year-on-year in December of 2016, following 5.8 percent rise in the previous month and in line with preliminary estimates. It was the lowest inflation rate since June 2012, as prices increased at a slower pace for food, housing and utilities, clothing and footwear and recreation and cultural activities. On a monthly basis, prices went up 0.4 percent, at the same pace as in November.

Prices rose at a slower pace for food (+4.2 percent from +5 percent in November); housing and utilities (+5.2 percent from +5.3 percent); clothing and footwear (+7.4 percent from +7.6 percent); recreation and culture (+4.1 percent from +6 percent); furnishings and household equipment (+5.3 percent from +5.6 percent); and alcoholic beverages and tobacco (+8.6 percent from +8.7 percent). Meanwhile, transport inflation rate accelerated to 5.6 percent from 5.4 percent in November. 

Annual core inflation rate declined to 6.0 percent from 6.2 percent in November.

On a monthly basis, prices went up 0.4 percent. Main upward pressure came from: food (+0.7 percent); housing and utilities (+0.1 percent); transport (+0.5 percent); clothing (+0.4 percent); furnishings (+0.3 percent); restaurants and hotels (+0.3 percent); and alcoholic beverages and tobacco (+0.4 percent). 

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
1/10/2017 1:27:48 PM