0911 GMT [Dow Jones]--Russia's consumer prices rose by 0.4% in the first ten days of November and are set to increase further due to ruble weakness. According to Alfa Bank, the ruble's depreciation since early September will add around 3 percentage points to the headline inflation figure in the next six months, or around 0.5 of a percentage point every month. This could take 2014 inflation to 9.3%, closer to the central bank's key rate of 9.5% and above previous forecasts. "This implies that the CBR in January could have a solid argument in favor of an additional key rate increase that we did not price in previously," Alfa says. (andrey.ostroukh@wsj.com)
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(END) Dow Jones Newswires
November 13, 2014 04:11 ET (09:11 GMT)
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