Russia: Inflation stalls in October
November 3, 2011
In October, consumer prices rose 0.5% over the previous month, as food products picked up following the drop experienced in the previous month. The monthly figure was up from September's flat reading and was in line with the identical increase recorded in October last year. As a consequence, annual headline inflation was unchanged at September's 7.2%, which is the lowest reading in a year. That said, the core consumer price index, which excludes short-term price changes influenced by administrative and seasonal factors, rose 0.5% in October, mirroring the result recorded in September. Despite the monthly increase, annual core inflation dropped from September's 7.4% to 7.2% in October. The government is aiming for inflation to end the year between 7.0% and 7.5%.
Author: Armando Ciccarelli, Head of Data Solutions