Merry Christmas and Happy New Year


Inflation sets records

For the week of 16 to 22 December inflation accelerated to 0,9%, Rosstat reported: an absolute record since the beginning of the publication of weekly data in 2008. In annual terms, the price index for the first time since 2009 has become a double-digit: 10,4-10,5% after 9,7% the previous week and 9,1% at the end of November.

The average daily rate of price growth, according to Rosstat, in December were 1,8 times higher than in November, and 4,8 times higher than in December 2013. December prices could rise by about 2% more than in October and November combined, and provide about 11% of inflation for the year.

The annual index can be 10,2-10,3%. Weekly calculation includes only food and services, prices for services could not go up, said Vladimir Tikhomirov from the BCS. Last time was a two-digit price index in 2008 – 13.3%.