Russian inflation accelerates to 0.48% m/m in September
MOSCOW, Oct 11 (Reuters) -Russia's consumer price index (CPI) rose 0.48% on a monthly basis in September after a 0.20% increase the previous month, the statistics service said on Friday.
In year-on-year terms, inflation was 8.63%, down from 9.05% in August.
The month-on-month and year-on-year increases were above analysts' expectations of 0.4% and 8.5% in a Reuters poll.
In September, the central bank admitted that price growth at year-end would exceed its forecast range of 6.5-7.0% and allowed further tightening of monetary policy.
Analysts expect the regulator will raise the key rate by 100 basis points to 20% at its Oct. 25 meeting.
Rosstat gave the following details:
RUSSIAN CPI | Sept 24 | Aug 24 | Sept 23 |
Mth/mth pct change | +0.48 | +0.20 | +0.87 |
- food | +0.34 | -0.01 | +0.86 |
- non-food | +0.62 | +0.60 | +1.09 |
- services | +0.51 | +0.01 | +0.61 |
Y/Y pct change | +8.63 | +9.05 | +6.00 |
Core CPI y/y pct change | +8.26 | +8.44 | +4.59 |
NOTE - For key Russian indicators click here 0#ECONALLRU.
Reporting by Darya Korsunskaya
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