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compared with January 2016 (17 vs. 15).From January 2017, Rosstat switched to the new IP methodology that implies the use of a new system of codebooks, which are closer to European standards.Revised data now measures 2016 growth at 1.3% instead of 1.1%. Moreover, a contraction in 2015 was reduced from 3.4% to only .8%.
Previously bne IntelliNews noted the high correlation between spending and output , especially through military-related spending. "
4.2 Inflation
Russia's annual inflation in January 2017 came to 5% year-on-year, according to the February 6 report by the Rosstat state statistics agency. Month-on-month consumer price growth in the reporting month amounted to 0.6%.
28 RUSSIA Country Report February 2017 www.intellinews.com