In August, consumer prices rose 0.1% over the previous month. The result, which marked the lowest month-on-month reading in almost a year, came in below both the 1.2% increase recorded in July and market expectations of a 0.2% rise. The figure was mainly driven by a moderation in food prices and the fading base effect of the increase in tariffs that took effect last month. Despite the moderate monthly increase, annual headline inflation rose from 5.6% in July to 5.9% in August, the highest reading in eight months. The core consumer price index, which excludes short-term price changes influenced by administrative and seasonal factors, rose 0.6% in August, slightly above the 0.5% rise recorded in July. As a result of the increase, annual core inflation inched up from July's 5.3% to 5.5% in August.
Inflation picks up to highest level in eight months
September 4, 2012
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Russia Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Federal State Statistics Service (Rosstat).
Russia Economic News
October 17, 2016
Industrial production shrank in September, falling at the fastest pace seen in 8 months.
October 7, 2016
Russian households were less pessimistic in Q3 thanks to falling inflation, the gradual recovery in real wages and the stabilization in the ruble.
October 5, 2016
Business activity in Russia’s manufacturing sector continues to show signs of improvement.
October 4, 2016
In September, consumer prices increased 0.2% over the previous month, which was up from the flat reading registered in August.
October 3, 2016
In August, Russian exports totaled USD 22.7 billion, which marked a 9.5% annual contraction (July: -17.5% year-on-year) and represented the softest decrease since October 2014.