Inflation in Russia in 2017 amounted to 2.5%

Inflation in Russia in December 2017, according to Rosstat, amounted to 0.4% (in December 2016 – 0,4%). By the end of 2017, the inflation rate was 2.5% (in 2016 and 5.4%).

In January 2017, the inflation was 0.6% in February 0.2% in March and 0.1% in April and 0.3 percent in may and 0.4% in June and 0.6% in July and 0.1% in August was deflation at 0.5%, and in September prices fell by 0.1% in October, inflation was 0.2%, in November – 0,2%.

Basic index of consumer prices (bipc) in December 2017 was 100.2%.

Prices for food products in December 2017 rose 0.6%, on articles of food without fruit-and-vegetable production prices rose 0.2%. Non-food goods rose by 0.3%, prices for services for the month rose 0.3%.

In December, in 7 subjects of the Russian Federation (except the Autonomous districts included in the region) consumer prices for goods and services increased by 0.8% or more. A significant increase in prices is observed in the Stavropol region, the republics of Kalmykia and North Ossetia-Alania – 0,9-1,0% as a result of rise in price of food by 1.5-2.2 percent.

However, in the Republic of Adygea consumer goods and services fell on average by 0.2%, mainly due to the decrease of food prices by 0.4%.

The cost of a conventional (minimal) set of food products per month in Russia on average at the end of December 2017 amounted to 3749,6 of the ruble and compared with the previous month increased by 0.8% (YTD – 1.6%).

Inflation in Russia in 2017 amounted to 2.5% 10.01.2018

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