Russia Inflation Rate Slows in January

In January of 2014, Russian inflation rate slowed to an annual 6.1 percent, after remaining steady at 6.5 percent in the previous two months, mainly due to lower food prices.

Prices of alcoholic beverages recorded the highest annual increase (13.3 percent), boosted by higher tobacco prices (29.1 percent). 

Education cost rose 8.5 percent on the year; housing, water, electricity and other fuels increased 8.4 percent and health prices rose 8.1 percent. Food prices increased 5.7 percent and transportation surged 4 percent. 

The CPI rose by 0.6 percent month-on-month in January, accelerating from 0.5 percent in the previous month.

Core CPI slowed to an annual 5.5 percent, from 5.6 percent in December. 

Russia Inflation Rate Slows in January

GKS | Joana Taborda |
2/5/2014 12:41:00 PM