{"id":46974,"date":"2023-11-12T16:01:33","date_gmt":"2023-11-12T16:01:33","guid":{"rendered":"https:\/\/innodebt.com\/news\/russian-inflation-rises-at-fast-pace-again-in-october\/"},"modified":"2023-11-12T16:01:35","modified_gmt":"2023-11-12T16:01:35","slug":"russian-inflation-rises-at-fast-pace-again-in-october","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=46974","title":{"rendered":"Russian inflation rises at fast pace again in October"},"content":{"rendered":"
\n

(Reuters) – Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank’s decision to hike interest rates to 15% last month as it tries to bring price rises under control.<\/p>\n

The central bank has now raised rates by 750 basis points since July, including an unscheduled emergency hike in August, under pressure from a weak rouble, tight labour market and strong consumer demand.<\/p>\n

In October, annual inflation stood at 6.69% year-on-year, up from 6.0% a month earlier and in line with expectations of analysts polled by Reuters. The central bank sees inflation ending this year at 7.0%-7.5%, well above its 4% target.<\/p>\n

On a monthly basis, the consumer price index (CPI) rose 0.83% in October after a 0.87% increase in September, the data showed, coming just below analysts’ expectations of a 0.9% increase. That was the second-fastest monthly increase in 18 months.<\/p>\n

Central Bank Governor Elvira Nabiullina this week said inflation pressure had peaked in the third quarter, but will only start decreasing next spring.<\/p>\n

The bank needs its monetary policy, which operates with a lag, to help cool price rises, especially as prices rose sharply in early November.<\/p>\n

Days after October’s rate hike, between Oct. 31 and Nov. 7, consumer prices jumped 0.42%, separate Rosstat data showed.<\/p>\n

Russian households regularly cite inflation as a key concern, with many having no savings after a decade of economic crises, while rising prices dragged living standards down across the country.<\/p>\n

Rosstat gave the following details:<\/p>\n

RUSSIAN CPI Oct 23 Sept 23 Oct 22<\/p>\n

Mth\/mth pct change +0.83 +0.87 +0.18<\/p>\n

– food +1.35 +0.86 +0.28<\/p>\n

– non-food +0.55 +1.09 +0.04<\/p>\n

– services +0.48 +0.61 +0.24<\/p>\n

Y\/Y pct change +6.69 +6.00 +12.63<\/p>\n

Core CPI y\/y pct change +5.50 +4.40 +16.16<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank’s decision to hike interest rates to 15% last month as it tries to bring price rises under control. The central bank has now raised rates by 750 basis points since July, including an […]<\/p>\n","protected":false},"author":1,"featured_media":46975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-46974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\nRussian inflation rises at fast pace again in October | Innodebt<\/title>\n<meta name=\"description\" content=\"(Reuters) - Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank's\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/innodebt.com\/?p=46974\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian inflation rises at fast pace again in October | Innodebt\" \/>\n<meta property=\"og:description\" content=\"(Reuters) - Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank's\" \/>\n<meta property=\"og:url\" content=\"https:\/\/innodebt.com\/?p=46974\" \/>\n<meta property=\"og:site_name\" content=\"Innodebt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-12T16:01:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-12T16:01:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/11\/LYNXMPEBBM0QK_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"491\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/innodebt.com\/?p=46974#article\",\"isPartOf\":{\"@id\":\"https:\/\/innodebt.com\/?p=46974\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/innodebt.com\/#\/schema\/person\/742362d9a293429cc45829acf21919b4\"},\"headline\":\"Russian inflation rises at fast pace again in October\",\"datePublished\":\"2023-11-12T16:01:33+00:00\",\"dateModified\":\"2023-11-12T16:01:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/innodebt.com\/?p=46974\"},\"wordCount\":282,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/innodebt.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/innodebt.com\/?p=46974#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/innodebt.com\/?p=46974\",\"url\":\"https:\/\/innodebt.com\/?p=46974\",\"name\":\"Russian inflation rises at fast pace again in October | Innodebt\",\"isPartOf\":{\"@id\":\"https:\/\/innodebt.com\/#website\"},\"datePublished\":\"2023-11-12T16:01:33+00:00\",\"dateModified\":\"2023-11-12T16:01:35+00:00\",\"description\":\"(Reuters) - Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank's\",\"breadcrumb\":{\"@id\":\"https:\/\/innodebt.com\/?p=46974#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/innodebt.com\/?p=46974\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/innodebt.com\/?p=46974#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/innodebt.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Russian inflation rises at fast pace again in October\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/innodebt.com\/#website\",\"url\":\"https:\/\/innodebt.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/innodebt.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/innodebt.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/innodebt.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/innodebt.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/innodebt.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/innodebt.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/innodebt.com\/#\/schema\/person\/742362d9a293429cc45829acf21919b4\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/innodebt.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/innodebt.com\"],\"url\":\"https:\/\/innodebt.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Russian inflation rises at fast pace again in October | Innodebt","description":"(Reuters) - Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank's","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/innodebt.com\/?p=46974","og_locale":"en_US","og_type":"article","og_title":"Russian inflation rises at fast pace again in October | Innodebt","og_description":"(Reuters) - Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank's","og_url":"https:\/\/innodebt.com\/?p=46974","og_site_name":"Innodebt","article_published_time":"2023-11-12T16:01:33+00:00","article_modified_time":"2023-11-12T16:01:35+00:00","og_image":[{"width":728,"height":491,"url":"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/11\/LYNXMPEBBM0QK_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/innodebt.com\/?p=46974#article","isPartOf":{"@id":"https:\/\/innodebt.com\/?p=46974"},"author":{"name":"News Room","@id":"https:\/\/innodebt.com\/#\/schema\/person\/742362d9a293429cc45829acf21919b4"},"headline":"Russian inflation rises at fast pace again in October","datePublished":"2023-11-12T16:01:33+00:00","dateModified":"2023-11-12T16:01:35+00:00","mainEntityOfPage":{"@id":"https:\/\/innodebt.com\/?p=46974"},"wordCount":282,"commentCount":0,"publisher":{"@id":"https:\/\/innodebt.com\/#organization"},"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/innodebt.com\/?p=46974#respond"]}]},{"@type":"WebPage","@id":"https:\/\/innodebt.com\/?p=46974","url":"https:\/\/innodebt.com\/?p=46974","name":"Russian inflation rises at fast pace again in October | Innodebt","isPartOf":{"@id":"https:\/\/innodebt.com\/#website"},"datePublished":"2023-11-12T16:01:33+00:00","dateModified":"2023-11-12T16:01:35+00:00","description":"(Reuters) - Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the central bank's","breadcrumb":{"@id":"https:\/\/innodebt.com\/?p=46974#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/innodebt.com\/?p=46974"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/innodebt.com\/?p=46974#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/innodebt.com\/"},{"@type":"ListItem","position":2,"name":"Russian inflation rises at fast pace again in October"}]},{"@type":"WebSite","@id":"https:\/\/innodebt.com\/#website","url":"https:\/\/innodebt.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/innodebt.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/innodebt.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/innodebt.com\/#organization","name":"Funding Factories","url":"https:\/\/innodebt.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/innodebt.com\/#\/schema\/logo\/image\/","url":"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/innodebt.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/innodebt.com\/#\/schema\/person\/742362d9a293429cc45829acf21919b4","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/innodebt.com\/#\/schema\/person\/image\/","url":"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/innodebt.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/innodebt.com"],"url":"https:\/\/innodebt.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/innodebt.com\/index.php?rest_route=\/wp\/v2\/posts\/46974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/innodebt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/innodebt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/innodebt.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/innodebt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46974"}],"version-history":[{"count":1,"href":"https:\/\/innodebt.com\/index.php?rest_route=\/wp\/v2\/posts\/46974\/revisions"}],"predecessor-version":[{"id":46976,"href":"https:\/\/innodebt.com\/index.php?rest_route=\/wp\/v2\/posts\/46974\/revisions\/46976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/innodebt.com\/index.php?rest_route=\/wp\/v2\/media\/46975"}],"wp:attachment":[{"href":"https:\/\/innodebt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/innodebt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/innodebt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}