Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
MOSCOW, December 13. /ITAR-TASS/. Yearly growth of consumer prices gained pace in November and early December to 6.5% as of December 9, 2013, which is above the target range for this year, the Bank of Russia’s (CBR) press office reported.
The regulator cited the ongoing increase in prices for fruit and vegetables, untypical of this season, and foods of animal origin products as the main reasons for acceleration. Core inflation, that is inflation less short-term uneven price changes brought about by certain uneven administrative, news and seasonal factors, stood at 5.6% in November.
The CBR estimates the factors that accelerated price growth as short-term. The regulator predicts inflation will slow down again in the first half of 2014 and reach the target in the second half. The expected slow recovery of external demand and gradual revival of weak investment activity will drag on inflation dynamics.
A pin-point target for 2014 inflation is 5%. From now on, the CBR will give a pin-point forecast, not an expected inflation range. If some factors of influence emerge, the CBR will be able to vary the target by plus or minus 1.5 percentage points.
The key rate remained unchanged at 5.5%, the CBR board decided Friday.