Support The Moscow Times!

Consumer Prices Rise Slowly

Russia's consumer price index rose 0.5 percent month on month in January after rising 0.4 percent in the previous period, the State Statistics Service said Monday.

The increase came below analysts' expectations of a rise in the CPI index of 0.6 percent, according to the latest Reuters poll.

Year-on-year inflation has moderated further to 4.2 percent compared with 6.1 percent in December and 9.6 percent in January 2011. The Central Bank aims to keep a rise in consumer prices this year at 5 percent to 6 percent after inflation scored a new post-Soviet low of 6.1 percent in 2011.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.