Russia Inflation Rate Lowest Since June 2012

Consumer prices in Russia increased 5.4 percent year-on-year in December of 2016, following 5.8 percent rise in the previous month and below market expectations of 5.6 percent. It was the lowest inflation rate since June 2012, according to preliminary estimates. A year ago inflation was recorded at 12.9 percent.

Prices rose at a slower pace for food (+4.6 percent from +5.2 percent in November); non-food (+6.5 percent from +6.7 percent) and services (+4.9 percent from 5.3 percent).

On a monthly basis, prices went up 0.4 percent, at the same pace as in November.

Federal State Statistics Service | Yekaterina Guchshina |
12/30/2016 11:46:37 AM