AIRLINK 75.65 Increased By ▲ 0.40 (0.53%)
BOP 5.15 Increased By ▲ 0.04 (0.78%)
CNERGY 4.52 Decreased By ▼ -0.08 (-1.74%)
DFML 34.51 Increased By ▲ 1.98 (6.09%)
DGKC 90.61 Increased By ▲ 0.26 (0.29%)
FCCL 22.93 Decreased By ▼ -0.05 (-0.22%)
FFBL 33.20 Decreased By ▼ -0.37 (-1.1%)
FFL 9.95 Decreased By ▼ -0.09 (-0.9%)
GGL 11.21 Increased By ▲ 0.16 (1.45%)
HBL 115.45 Increased By ▲ 0.55 (0.48%)
HUBC 136.50 Decreased By ▼ -0.84 (-0.61%)
HUMNL 10.15 Increased By ▲ 0.62 (6.51%)
KEL 4.67 Increased By ▲ 0.01 (0.21%)
KOSM 4.74 Increased By ▲ 0.04 (0.85%)
MLCF 40.45 Decreased By ▼ -0.09 (-0.22%)
OGDC 141.00 Increased By ▲ 1.25 (0.89%)
PAEL 27.65 No Change ▼ 0.00 (0%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 124.49 Decreased By ▼ -0.81 (-0.65%)
PRL 27.49 Decreased By ▼ -0.06 (-0.22%)
PTC 14.15 No Change ▼ 0.00 (0%)
SEARL 62.60 Increased By ▲ 0.75 (1.21%)
SNGP 72.50 Decreased By ▼ -0.48 (-0.66%)
SSGC 10.50 Decreased By ▼ -0.09 (-0.85%)
TELE 8.77 Decreased By ▼ -0.01 (-0.11%)
TPLP 11.53 Decreased By ▼ -0.20 (-1.71%)
TRG 66.47 Decreased By ▼ -0.13 (-0.2%)
UNITY 25.84 Increased By ▲ 0.69 (2.74%)
WTL 1.40 Decreased By ▼ -0.04 (-2.78%)
BR100 7,847 Increased By 44.3 (0.57%)
BR30 25,830 Increased By 14.3 (0.06%)
KSE100 74,840 Increased By 308.5 (0.41%)
KSE30 24,106 Increased By 151.9 (0.63%)

MOSCOW: Russia’s annual rate of inflation unexpectedly slowed in December after ticking up continuously for seven months, official data showed Friday, in a boost for the Kremlin ahead of elections.

Inflation had been predicted by economists to rise in December 2023 but instead edged down to 7.4 percent year-on-year, compared with 7.5 percent in November. Friday’s figure is still well above the four percent target of the central bank, which hiked interest rates to 16 percent last month in a bid to tame further price increases.

Inflation has been a major concern for the central bank and Kremlin, which hopes to present the economy as an area of strength ahead of presidential elections this March.

Worker shortages in the wake of mobilisation, when thousands of men were called up to the army or fled abroad, have also put further upwards pressure on prices.

The cost of living is a particularly sensitive issue in Russia, which has seen successive periods of inflation in the three decades since the collapse of Soviet Union. In December, Russia announced it was scrapping import duty on eggs after prices for the basic staple shot up by some 40 percent, sparking concern among the public.

Comments

Comments are closed.