Economic Indicators

Russian weekly consumer prices edge up in latest data

2022.11.17 02:45



© Reuters. FILE PHOTO: An employee sorts apples at a food market, which operates once a week on Saturday, in the Russian southern city of Stavropol, March 7, 2015. REUTERS/Eduard Korniyenko/File Photo

MOSCOW (Reuters) – Consumer prices in Russia rose slightly for the eighth consecutive week in mid-November, data published on Wednesday showed, driven by goods including eggs and tea and domestic flights.

Russia’s consumer price index rose 0.06% in the week to Nov. 14, the Rosstat federal statistics service said.

That was up from a 0.01% rise in prices recorded a week earlier and which, should price rises continue, could pose a challenge for the Russian central bank that last month raised expectations it would end its rate-cutting cycle, as it held its key rate at 7.5%.

Last week, Central Bank Governor Elvira Nabiullina said Russia’s inflationary and disinflationary risks were balanced in the short term, with the implication the central bank was unlikely to change its key interest rate next month.

In a separate set of data, Russia’s economy ministry said inflation was running at an annualised rate of 12.40% as of Nov. 14, down from 12.52% a week earlier.

The central bank targets inflation at 4%, which it aims to achieve by 2024. It has forecast inflation to fall to 5%-7% next year.

Since the start of the year, prices have risen by 10.74%, Rosstat said. At the same point in 2021, year-to-date inflation was 7.51%.

On Wednesday, Rosstat said that price increases were recorded in eggs, tea and vegetables, as well as in some meat and fish products, while the cost of an economy class flight ticket was up by 3.2% compared to a week earlier.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 69,612.65 2.63%
ethereum
Ethereum (ETH) $ 2,434.86 1.46%
tether
Tether (USDT) $ 1.00 0.12%
bnb
BNB (BNB) $ 565.72 2.62%
solana
Solana (SOL) $ 167.23 6.08%
usd-coin
USDC (USDC) $ 1.00 0.09%
xrp
XRP (XRP) $ 0.514333 2.30%
dogecoin
Dogecoin (DOGE) $ 0.170971 8.54%
staked-ether
Lido Staked Ether (STETH) $ 2,432.51 1.41%
tron
TRON (TRX) $ 0.160415 1.55%
cardano
Cardano (ADA) $ 0.334999 2.71%
the-open-network
Toncoin (TON) $ 4.68 0.33%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 6.35%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,872.47 0.57%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 69,541.63 2.71%
avalanche-2
Avalanche (AVAX) $ 24.02 5.39%
weth
WETH (WETH) $ 2,434.64 1.47%
chainlink
Chainlink (LINK) $ 10.85 5.80%
bitcoin-cash
Bitcoin Cash (BCH) $ 344.15 4.84%
sui
Sui (SUI) $ 1.98 7.23%
usds
USDS (USDS) $ 0.999017 0.18%
polkadot
Polkadot (DOT) $ 3.87 3.39%
leo-token
LEO Token (LEO) $ 5.97 1.62%
litecoin
Litecoin (LTC) $ 66.19 0.95%
near
NEAR Protocol (NEAR) $ 3.82 6.21%
aptos
Aptos (APT) $ 8.50 6.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,560.54 1.45%
uniswap
Uniswap (UNI) $ 7.16 6.26%
pepe
Pepe (PEPE) $ 0.000009 8.05%
internet-computer
Internet Computer (ICP) $ 7.39 5.60%
bittensor
Bittensor (TAO) $ 455.06 9.18%
dai
Dai (DAI) $ 1.00 0.03%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.25 11.15%
monero
Monero (XMR) $ 158.95 1.42%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
kaspa
Kaspa (KAS) $ 0.111524 7.28%
stellar
Stellar (XLM) $ 0.093674 2.90%
whitebit
WhiteBIT Coin (WBT) $ 19.04 0.81%
ethereum-classic
Ethereum Classic (ETC) $ 18.27 3.68%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.49%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.304006 4.58%
blockstack
Stacks (STX) $ 1.53 4.93%
okb
OKB (OKB) $ 37.89 2.13%
dogwifcoin
dogwifhat (WIF) $ 2.10 8.94%
aave
Aave (AAVE) $ 136.63 6.73%
filecoin
Filecoin (FIL) $ 3.40 3.98%
crypto-com-chain
Cronos (CRO) $ 0.07215 2.60%
arbitrum
Arbitrum (ARB) $ 0.491138 3.99%
mantle
Mantle (MNT) $ 0.562134 1.69%
immutable-x
Immutable (IMX) $ 1.09 3.51%