For individuals: Internet bank
Select your city:

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Weekly CPI – inflation moderation continues to outpace expectations


According to a report released by Rosstat, CPI increased 0.27% on 1-17 December. Average daily price growth stood at 0.019% last week, up from 0.014% registered in the previous week and a bit below the 0.020% recorded on 13-19 December 2011.

The detailed breakdown shows that last week’s growth came mainly from WoW price rises in eggs (2.0%), potatoes (1.3%), cabbage (1.4%), rye bread (0.6%), milk (0.3%), and butter (0.3%). Furthermore, fruit and vegetable prices continued to accelerate last week, rising 1.0% WoW vs. 0.6% WoW growth in the previous week. At the same time, gasoline prices printed deflation of 0.1% WoW. 

Though last week reveals an acceleration in prices growth, our year-end forecast of 6.8% YoY looks elevated and we see high chances for 6.6% YoY CPI growth this December. Meanwhile, growth in fruit and vegetable prices continued to rise.
Maxim Oreshkin, Daria Isakova
VTB Capital analyst

Back to the list

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
Download the list of cities.....