MOSCOW, Dec 4 (Reuters) - Russia's annual inflation reached 4.4% in November, exceeding expectation
MOSCOW, Dec 4 (Reuters) – Russia’s annual inflation reached 4.4% in November, exceeding expectations and the central financial institution’s goal, knowledge from the statistics service confirmed on Friday, two weeks earlier than the central financial institution’s subsequent rate-setting assembly.
The weaker rouble spurred inflation in latest months by making imports dearer, which in concept limits the room for additional financial easing to assist the economic system get better from the coronavirus and falling oil costs.
Analysts polled by Reuters had on common anticipated annual inflation at 4.3% in November, up from 4% in October.
The central financial institution this 12 months slashed its key rate of interest to a document low 4.25%, focusing on inflation at 4%, and mentioned it nonetheless noticed some room to chop charges once more, with out indicating when.
Analysts in a Reuters ballot had predicted the central financial institution would depart charges unchanged at its Dec. 18 assembly and trim them by 25 foundation factors in 2021.
The Federal Statistics Service Rosstat gave the next particulars:
RUSSIAN CPI
Nov 20
Oct 20
Nov 19
Mth/mth pct change
+0.71
+0.43
+0.28
– meals
+1.34
+0.62
+0.45
– non-food
+0.58
+0.68
+0.23
– providers
+0.05
-0.13
+0.11
Y/Y pct change
+4.42
+3.99
+3.53
Core CPI y/y pct change
+3.87
+3.58
+3.48
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(Reporting by Andrey Ostroukh, modifying by Larry King)
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