Russia: Inflation falls to 17-month low in December
In December, consumer prices rose 0.4% over the previous month, up slightly from November’s 0.3% climb. According to Rosstat, the upturn was led by higher prices for food products, while prices for non-food goods and services rose more modestly.
Inflation dipped from 3.5% in November to 3.0% in December, marking the ninth consecutive month of easing inflation and the lowest reading since July 2018. Lastly, annual average inflation ticked down to 4.5% from 4.6% in the previous month.