Russia: Inflation ends year at lowest level in post-Soviet era
January 10, 2012
In December, consumer prices rose 0.4% over the previous month amid increases across all main price categories. The monthly figure was in line with November's reading but below the 1.1% rise recorded in December last year. As a consequence, annual headline inflation dropped from November's 6.8% to 6.1%, marking the lowest year-end inflation rate in the post-Soviet Union era. The core consumer price index, which excludes short-term price changes influenced by administrative and seasonal factors, rose 0.4% in December, a notch below the rise recorded in November. Despite the monthly increase, however, annual core inflation dropped from November's 6.9% to 6.6% in December. The government expects inflation to end the year between 5.5% and 6.0%.
Author: Armando Ciccarelli, Head of Data Solutions