RSS   Newsletter   Contact   Advertise with us
Post Online Media

Russia inflation rises to 18-month high

Share on Twitter Share on LinkedIn
Staff Writer | Friday January 11, 2019 6:00AM ET
Russia   Annual core inflation rate climbed to 3.7 percent

Russia’s consumer price inflation increased to 4.3 percent year-on-year in December 2018 from 3.8 percent in the previous month.

Please disable your ad blocker for POST to be able to enjoy our free content.
It was the highest inflation rate since June 2017 on the back of rising prices of food and services while non-food inflation eased.

Within the goods component, food cost advanced 4.7 percent in December, following a 3.5 percent rise in November and prices of non-food products rose 4.1 percent, after a 4.2 percent gain in the previous month.

Also, services inflation picked up to 3.9 percent in December from 3.8 percent in November.

Annual core inflation rate climbed to 3.7 percent in December from 3.4 percent in the previous month. It was the highest rate since May 2017.

On a monthly basis, consumer prices increased 0.8 percent in December, compared with a 0.5 percent gain in November and also beating market consensus of 0.7 percent. Upward pressure came from all main categories: food (1.7 percent vs 1 percent): services (0.4 percent vs unchanged); and non-food products (0.2 percent vs 0.4 percent).


What to read next
POST Online Media Contact

 More inside POST