Inflation in Russia Eases to 15.6% in October

Consumer prices in Russia increased by 15.6 percent year-on-year in October of 2015, down from a 15.7 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace while clothing and footwear prices went up.

Year-on-year, cost of food and non-alcoholic beverages increased by 19.0 percent (+19.1 percent in September); prices of transportation went up by 12.2 percent (+12.3 percent in September) and cost of housing and utilities rose by 12.3 percent (+12.9 percent in September). Additional upward pressure came from: clothing and footwear (+12.9 percent); recreation and culture (+21.7 percent); alcoholic beverages and tobacco (+13.3 percent); and furnishings and household equipment (+19.0 percent).

Meanwhile, annual core inflation rate went down to 16.4 percent in October from 16.6 percent in the previous month.

On a monthly basis, inflation went up to 0.7 percent, from 0.6 percent in the previous month, boosted by higher prices of food (+1.2 percent), transportation (+0.2 percent), housing and utilities (+0.9 percent), clothing (+1.6 percent), alcoholic beverages and tobacco (+0.9 percent) and furnishings (+1 percent). By contrast, cost of leisure activities dropped slightly (-0.1 percent).

Inflation in Russia Eases to 15.6% in October

Yekaterina Guchshina |
11/5/2015 1:17:01 PM