Russia Inflation September 2019

Russia: Inflation dips to 10-month low in September

In September, consumer prices fell 0.2% over the previous month, matching August’s result which had marked the first drop in monthly prices in nearly two years. According to Rosstat, the result reflected lower prices for services and food products, the later entirely due to lower fruit and vegetable prices, which more than offset higher prices for non-food items.

Inflation fell to a 10-month low of 4.0% in September, from 4.3% in August. September’s result marked the sixth consecutive month of moderating inflation. That said, annual average inflation continued trending up, ticking up to an over two-year high of 4.6% in September, from 4.5% in August.

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