Russia Inflation Rate At 4-Year Low of 5.8% In November


Consumer prices in Russia increased 5.8 percent year-on-year in November of 2016, following 6.1 percent growth in the previous month and below market expectations of 5.9 percent. It was the lowest inflation rate since July 2012, as prices rose at a slower pace for food; clothing and footwear; recreation and culture; furnishings and household equipment and alcoholic beverages and tobacco . On a monthly basis, prices went up 0.4 percent, below market consensus of 0.6 percent.

Prices rose at a slower pace for food (+5 percent from +5.5 percent in October); transport (+5.4 percent from +5.7 percent); clothing and footwear (+7.6 percent from +8.1 percent); recreation and culture (+6 percent from +6.5 percent); furnishings and household equipment (+5.6 percent from +6 percent); and alcoholic beverages and tobacco (+8.7 percent from +8.9 percent). Meanwhile, housing and utilities inflation rate was steady at 5.3 percent.

Annual core inflation rate declined to 6.2 percent from 6.4 percent in October.

On a monthly basis, prices went up 0.4 percent, below market consensus of 0.6 percent. Main upward pressure came from: food (+0.8 percent); housing and utilities (+0.1 percent); transport (+0.1 percent); clothing (+0.7 percent); furnishings (+0.3 percent); restaurants and hotels (+0.3 percent); and alcoholic beverages and tobacco (+0.5 percent). 

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/6/2016 1:13:54 PM