Russia Inflation Rate Rises Further


Russian annual inflation rate accelerated for the third straight month to 8.3 percent in October of 2014 from 8 percent in September. Yet, monthly inflation recorded the highest rate in five months.

Cost of food and non-alcoholic beverages increased 11.5 percent year-on-year, the same rate recorded in September. In contrast, prices of housing, water, electricity and gas rose at a faster 6.4 percent in October, following a 5.8 percent increase in the previous month and mainly due to housing rents (+12.6 percent) and water (+10.1 percent). Transport prices accelerated 5.6 percent (5 percent in September) and health cost grew 10.2 percent. Additional upward pressures came from tobacco prices which recorded again the highest increase (27.3 percent). 

On a monthly basis, consumer prices accelerated for the second consecutive month by 0.8 percent. Food cost advanced 1.2 percent, following a 1 percent increase in the previous month while non-food prices increased 0.6 percent.

Russia Inflation Rate Rises Further


Joana Taborda | joana.taborda@tradingeconomics.com
11/5/2014 1:41:30 PM