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Russian monthly inflation was 0.78% in December - Rosstat

A woman pays at the checkout in a grocery store in Omsk

(Reuters) - Russian consumer prices rose by 0.78% in December after a 0.37% increase in November, the Rosstat federal statistics agency said on Friday.

Russia's annual rate of inflation came in at 11.9% for 2022, Economy Minister Maxim Reshetnikov said on Wednesday. He said he saw it falling substantially by the end of the first quarter, with the second quarter figure below 4%.

(Reporting by Reuters)