OREANDA-NEWS. November 15, 2012. In October, 2012 the Consumer Price Index made up 3.9% within last 12 months, 1 p.p. down as compared with the previous month. The monthly inflation increased 0.6% in October, which was explained by 0.8% higher prices for foodstuff, and nonfoods and 0.1% higher tariffs for services for population.

The increase of the inflation in October was determined by a seasonal factor, and a growth in prices for vegetables and cloths. The core inflation and fuel prices grew slightly, as before, and administrative prices influenced little the monthly inflation. The annual core inflation made up 3.6% within the last 12 months, remaining unchanged compared with the previous month, NBM reports.

The monthly core inflation made up 0.6% in October, 2012 0.2 p.p. up as compared with the previous month. In particular, prices increased for cigarettes, knitted textile, education, cloths, foot wear, building materials, detergents and catering services. In October prices for foodstuff grew 0.8% as compared with September. In particular, prices increased 1.8% for fats, 1.4% for vegetables, 1.3% for sugar, 1.1% for meat and meat products, milk and dairy, 0.5% for bread and bakery and 0.4% for fresh fruit.

The increase was determined by the summer drought chiefly. In October, 2012 prices for fuel of all kinds increased by 1.9%. Namely, bottled gas grew 5.1%, firewood increased 1.7% and combustibles went 1% up. Coal prices grew 0.2%, influencing little the dynamics in fuel prices. Administrated prices changed slightly in October, growing up by 0.1% as compared with September due to 0.2% and 0.4% higher prices for medicines and dentist’s services. This increase was in part smoothed by 1% lower tariff for international railroad transportation and 0.2 lower prices for passenger air transportation.

Their annual rhythm was 3% in October, which was 3.2 p.p. down as compared with September. The National Banks states it will continue 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.