Inflation in Russia in December 22 increased by 0.78%

MOSCOW, Jan 13 (Reuters) – Consumer prices in Russia rose 0.78% in December after 0.37% in November, Rosstat said.

At the end of 2022, inflation was 11.94%.

In December 2021, consumer prices increased by 0.82%, and by 8.39% over the year.

Prices for foodstuffs rose by 0.60% last month due to the rise in prices for vegetables and fruits by 5.83%. Excluding fruits and vegetables, the cost of food products remained almost unchanged, having increased by 0.01%.

Non-food products grew in December by 0.05%. Prices for services increased by 2.04%.

The Bank of Russia predicted inflation in the Russian Federation at the end of 2022 in the range of 12-13% and expects it to slow down to 5-7% in 2023.

In the first nine days of the new year, consumer prices rose by 0.24%, while annual inflation slowed to 11.65%. (Moscow Bureau)