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Russian December Inflation Accelerates to 2012-High 6.6%

Russian inflation accelerated to 6.6 percent in December, matching this year’s high, as prices for food and services rose.

Consumer prices advanced 6.6 percent from a year earlier, up from 6.5 percent in November and October, the Federal Statistics Service in Moscow said today in an e-mailed statement. That matches the median estimate of 14 economists in a Bloomberg survey. Prices rose 0.5 in the month, also matching estimates. The figures are preliminary and a final report will be released Jan. 9.