Annual inflation in Russia in November accelerated to 8.4%

Annual inflation in Russia accelerated to 8.4% in November against 8.13% in October. On a monthly basis, consumer prices rose 0.96%, according to Rosstat data. Food products in November rose in price by 1.27% compared to October and by 10.81% in annual terms, non-food products rose in price by 0.72% and 8.32%, respectively. The cost of services in November increased by 0.81% in monthly terms and by 5.15% in annual terms. Inflation in Russia from November 30 to December 6, 2021 was 0.07%, down from 0.46% a week earlier. In annual terms, inflation as of December 6 (according to calculations using average daily data for this and last year for similar dates) was 8.27%. Since the beginning of the year, consumer prices have increased by 7.57%. According to Rosstat, in November, among foodstuffs, the prices for eggs and buckwheat rose the most - by 5.8% and 5.6%, respectively. The price of sugar in Russia on average increased by 3.2%, while the price of sunflower oil rose by 1.2%, ...