Russia Inflation


Inflation picks up in June

In June, consumer prices rose 0.9% over the previous month. The result marked the highest month-on-month reading since January last year, coming in above both the 0.5% increase recorded in May and market expectations of a 0.6% rise. The increase was mainly driven by a pick-up in food prices. As a result, annual headline inflation rose from 3.6% in May to 4.3% in June. The core consumer price index, which excludes short-term price changes influenced by administrative and seasonal factors, rose 0.4% in June, which was above the 0.2% rise recorded in May. As a result of the increase, annual core inflation inched up from May

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Russia Inflation Chart

Russia Inflation June 2012

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Federal State Statistics Service (Rosstat).

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