Page 49 - RusRPTNov22

which was the first monthly increase since April. The limited breakdown shows that the easing in y/y inflation in goods such as tobacco, detergents and cleaning products, clothing and construction materials came to a complete halt last month.
Meanwhile, services inflation actually edged higher, from 10.5% y/y to 11.0% y/y. This was its highest rate since 2015 as prices rose by 0.5% m/m. There were increases in inflation of education, insurance and passenger transport last month.
Overall, the period of falling prices that Russia has experienced in the past few months has now come to an end as the pass-through from the strength of the ruble appears to have faded. This was supported by the latest weekly inflation figures which show that Russia has moved out of w/w deflation.
49 RUSSIA Country Report November 2022 www.intellinews.com