Russia Inflation February 2019


Russia: Inflation accelerates in February

March 6, 2019

In February, consumer prices rose 0.4% from the previous month, below the 1.0% increase recorded in January, which had marked the sharpest rise in three years. According to Rosstat, higher prices for food products led the overall price increase in February.

Meanwhile, inflation jumped to 5.2% in February from 5.0% in January, marking the highest reading since December 2016. Nevertheless, February’s reading came in below the expectations of market analysts as the effects of January’s value-added tax hike have been milder than expected, partly due to weaker consumer demand dynamics so far this year.

Lastly, annual average inflation rose to 3.6% in February, from January’s 3.2%.

Russia Inflation Forecast

FocusEconomics panelists see inflation ending 2019 at 4.6%, which is unchanged from last month’s forecast. For 2020, participants expect inflation to end the year at 3.9%.

Author:, Research Team Manager

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Russia Inflation Chart

Russia Inflation February 2019

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

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