OREANDA-NEWS.  October 15, 2012. In September, 2012 the Consumer Price Index made up 4.9% within last 12 months, 0.5 p.p. up as compared with the previous month.

The monthly inflation increased 0.9% in September, which was explained by 1.6% higher prices for foodstuff, 0.6% higher prices for nonfoods and 0.2% higher tariffs for services for population. In part, the increase of the inflation in September was determined by a seasonal factor, and a growth in prices for foodstuffs in global markets.

The growth of core inflation and in fuel prices were slight and administrative prices influenced little the monthly inflation. Within 12 months the core annual inflation was 3.6%, 0.3 p.p. down as compared with August. Thus, a slowdown of the pace of growth of core inflation - the trend, outlined since October, 2011- continues, which is explained by a moderate increase of the domestic and external demands.

The monthly core inflation made up 0.4% in September, 2012 and remained unchanged as compared with the previous month. In particular, prices grew for taxi services, auto spares, bicycles, cigarettes, garments, foot wear and knitted wear. In September prices for foodstuff grew 1.6% as compared with August.

In particular, they increased 16.9% for eggs, 4.7% for vegetables, 3.7% for potatoes, 1.5% for sugar, 1.3% for fresh fruits, 1.2% for meat and meat products. In September, 2012 prices for fuel of all kinds increased by 1.7%. Namely, bottled gas grew 2.9% and combustibles went 2.7% up. Prices for firewood and coal increased 0.2%. Administrated prices changed slightly in September, growing up by 0.2% as compared with August due to 2% higher prices for utility services and 1.8% higher prices for passenger air transportation.

Their annual rhythm was 6.2% in September, which was 0.1 p.p. up as compared with July. The National Banks states it will continued strictly controlling the dynamics of the national economy and monitoring the international economic environment in order to ensure the goal of the mid-term monetary policy, namely to achieve and maintain the price stability by adequate using monetary policy instruments.