November inflation worse than expected

Макроэкономика 09.12.2014 According to the latest State office reports on monthly price inflation, headline and core CPI added 1.9 and 2.3 percent to the previous month translating to 21.8 and 19.6 year-on-year percentage change, accelerating from October. Producer price inflation was up 4.2%, implying 32.8% YoY in November, up 7 percentage points from October. These inflation numbers are proof of why depositors ran on the banks and the currency.