As of December 9, 2013, the 12-month inflation rate in the Russian Federation was 6.5%, the Bank of Russia informed.
This rate is exceeding this year's target inflation range, the regulatory authority points out.
The faster price growth is mainly driven by the continuing increase in fruit and vegetable price, which is unusual for this season, and animal products. At the end of November, the core inflation rate was 5.6%.
As estimated by the Central Bank of Russia, the accelerated price growth was caused by short-term factors.
The bank of Russia expects lower price growth rates in the first half of 2014 and meeting the inflation targets in the second half of the year.
"AK&M", 13.12.2013 13:53