MOSCOW, December 14 (Itar-Tass) —— Russia’s inflation has increased by 5.9 percent by December 12 since the beginning of the year, the Federal State Statistics Service said in a regular report on Wednesday.
The country’s consumer prices went up by 0.1 percent in the week from December 6 to December 12, the report said, adding that the inflation has grown by 0.2 percent since the beginning of the current month.
Touching upon last year’s indicators, the Statistics Service reaffirmed that the country’s inflation had reached 8.1 percent since the beginning of the year 2010. Besides, the indicator amounted to 0.8 percent in November 2010. In December, the country’s inflation went up to 1.1 percent, the statistics service said, adding that the index amounted to 0.4 percent as of December 12.
At the same time, in the week from December 6 to December 12, 2011, the Statistics Service reported the most considerable hike in egg prices, which increased by 1.8 percent.
In addition, average prices of frozen fish, several sorts of sausages, salt and lamb edged up by 0.4-0.7 percent, the report said.
In the period under review, the Statistics Service reported the continuing decline of average prices for buckwheat (by 2.1 percent) and millet (2.0 percent) and, as well as for granulated sugar (1.2 percent).
In the designated period of 2011, average prices of fruit and vegetables went up by 0.4 percent, the service said, adding that prices for cabbages grew by 1.2 percent, prices of carrots increased by 0.7 percent and prices of potato edged up by 0.5 percent.
In the period from December 6 to December 12, average prices of gasoline decreased by 0.2 percent, while prices of diesel fuel grew by 0.2 percent, the Statistics Service said in its report.
The report was drafted on the basis of weekly monitoring of retail prices for 62 socially important goods and services, which the Federal State Statistics Service carried out in 271 Russian cities and towns.
In November 2011, Russia’s consumer prices increased by 0.4 percent, the statistics report reaffirmed. In the first eleven months of the year, the country’s inflation reached 5.6 percent.
At the same time, the Economic Development Ministry forecasted that the November inflation rate would exceed the October indicator and reach 0.6-0.7 percent.
Previously, the ministry also projected a hike in the country’s inflation rate in December 2011 to 0.7-0.8 percent.
At the same time, this Monday, the ministry decreased the inflation forecast for this year to 6.2-6.5 percent, Deputy Minister of Economic Development Andrei Klepach said back then. In his words, the ministry expects that the country’s consumer prices will go up by 0.6 percent in December.
According to earlier official forecasts, this year’s inflation was projected at the level of 6.5 percent to 7.0 percent. Initially, this year’s inflation was projected at seven to eight percent.
Earlier, Minister of Economic Development Elvira Nabiullina said that the country’s inflation may be below the official forecast of seven percent.
Russia’s inflation rate increased by 8.8 percent in 2010.