Russia December Inflation Rate Confirmed at Record Low

Russia's consumer price inflation came in at 2.5 percent year-on-year in December 2017, unchanged from the preliminary estimate and the same as in the previous month. The figure stood at its lowest level since the series began in 1991, well below the central bank's target of 4 percent.

Upward pressure came from: food and non-alcoholic beverages (0.7 percent from 0.6 percent in November); housing and utilities (4.4 percent from 4.3 percent); and transport (4.7 percent from 4.3 percent). Meanwhile, inflation slowed for: miscellaneous goods and services (2 percent from 2.3 percent in November); clothing and footwear (3.2 percent from 3.4 percent); furnishings and household equipment (1.4 percent from 1.5 percent); alcoholic beverages and tobacco (4 percent from 4.3 percent); and hotels and restaurants (2.2 percent from 2.4 percent).

Annual core inflation rate dropped to an all-time low of 2.1 percent in December from 2.3 percent in the previous month.

On a monthly basis, consumer prices rose 0.4 percent, following a 0.2 percent gain in the previous period.

Russia December Inflation Rate Confirmed at Record Low

Federal State Statistics Service | Joana Ferreira |
1/10/2018 1:15:52 PM