Russia Inflation


Inflation stable at post-Soviet record low

In May, consumer prices rose 0.5% over the previous month. The result came in above the 0.3% increase recorded in April but was in line with market expectations. The monthly increase was mainly driven by a rise in food prices. Despite the monthly rise, annual headline inflation was unchanged at the post-Soviet record low of 3.6% recorded in April. The core consumer price index, which excludes short-term price changes influenced by administrative and seasonal factors, rose 0.2% in May, which was below the 0.4% rise recorded in April. As a result of the more moderate monthly increase, annual core inflation dropped from April

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Russia Inflation Chart

Russia Inflation May 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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