Inflation in Oct in Russia - 0.8%, annual rises to 8.3% - Rosstat
MOSCOW. Oct 29 (Interfax) - Inflation in Russia in October 2014 was 0.8%, after 0.7% in September, 0.2% in August, 0.5% in July, 0.6% in June, 0.9% in May and April, 1.0% in March, 0.7% in February and 0.6% in January, the Federal State Statistics Service (Rosstat) said.
In October 2013, inflation was 0.6%.
Inflation turned out lower than expected by analysts (the consensus-forecast of economists prepared by Interfax was 1.0%). Weekly monitoring of Rosstat showed price growth of 0.8% by October 27, from which the Central Bank concluded that by October 27, inflation had risen to 8.4%
But according to final monthly data of Rosstat, annual inflation at the end of October was 8.3% against 8% in September and 7.6% in August.
Inflation since the beginning of 2014 was 7.1% against 5.3% in January-October 2013.
The core or underlying inflationary index, which excludes short-term irregular price changes caused by various factors of an administrative, once-off and seasonal nature, was 100.8% in October against 100.9% in September (in October 2013 it was 100.6%), in January-October 2014 - 107.3% (104.6%) and in annual terms - 108.4% (105.5%).
Food goods in October went up 1.2% in price (in October 2013 - by 1.1%). The price for food goods without fruit and vegetables rose by 1.0% (by 0.9% a year earlier).
Non-food goods became 0.6% more expensive (0.5% in October 2013).
The prices for services in October rose by 0.6% (in October 2013 they fell by 0.1%).
In October, the most significant growth in prices was noted in certain types of fruit and vegetable products (on average prices for them rose by 2.8% after a fall of 1.2% in September).