South Africa November Inflation Slows More Than Expected to 5.3%

http://www.bloomberg.com/news/2013-12-11/south-africa-november-inflation-slows-more-than-expected-to-5-3-.html

South Africa's inflation rate fell more than was expected during the last month.   Their inflation rate is still somewhat high because they have been fighting the recessions affects since 2009.  They are still struggling and because of the issues they are very limited in what they can do.  They have been locked into the same interest rates since 2012 because of the weak rand compared to other currencies as well.

South Africa has many other problems.  They need to find a way to fix this soon or they will be in even more trouble.

Russian Inflation Jump to a Three Month High

http://www.bloomberg.com/news/2013-12-05/russian-inflation-accelerates-more-than-forecast-to-3-month-high.html

Russia is having problems with inflation.  They have a target set of 5% a year but they will surpass that for the third straight month and all those have been in the 6% range.  This is causing their central bank to cancel some of their plans to try and help the economy by easing interest rates because that would make the inflation worse.  It is also throwing off their plans to attempt too help the economy with lower interest rates.

This is just another economic problem in post Soviet Russia.  They never really have recovered from the Soviets and are still struggling.  Much of that inflation is lead by food prices rising.  That makes it even worse of a problem.  That means that it is important daily goods that are leading the rise not other goods.