Russia Inflation Rate Up to 15%

Russian annual inflation rate accelerated for the sixth consecutive month to 15 percent in January of 2015 from 11.4 percent in December. It is the highest rate in more than six years as a weak rouble has been pushing import prices up.

Food and non-alcoholic beverages recorded the highest increase (22.8 percent), following a 16.4 percent rise in December. Among food, sugar increased the most (67.9 percent), followed by cereals (44.9 percent) and fruit and vegetables (40.7 percent).

Additional upward pressures came from alcoholic beverages and tobacco (16.1 percent), health care (15.2 percent), transport (11.3 percent), housing, water, electricity and gas (9.3 percent) and clothing and footwear (7.3 percent).

On a monthly basis, consumer prices increased 3.9 percent in January, driven by a 6.6 percent rise in food cost.

Russia Inflation Rate Up to 15%

Joana Taborda |
2/5/2015 1:26:35 PM