Russia Inflation Rate Up to 9.1%



Russian annual consumer prices rose to 9.1 percent in November of 2014 from 8.3 percent in October of 2014 as cost of food and services continue to increase. It is the highest rate since June of 2011.

Year-on-year, the highest upward pressure came from food and non-alcoholic items (+12.5 percent), with sugar posting the highest increase (+20.8 percent), followed by cereals and vegetables (+20.5 percent) and meat and poultry (+18.2 percent). Housing, water, electricity and gas prices grew at a faster 8 percent, mostly driven by a rise in water cost (+13.9 percent) and an increase in rent prices (+13.1 percent). Cost of transports advanced 6 percent and clothing and footwear grew 5.5 percent.

On a monthly basis, consumer prices accelerated to 1.3 percent, for the third consecutive month, mainly boosted by a surge in cost of food and non-alcoholic beverages (+2.4 percent). 

Russia Inflation Rate Up to 9.1%


Carolina Cunha | carolina.cunha@tradingeconomics.com
12/4/2014 2:14:07 PM