Russia: Inflation dips to 19-month low in January
February 6, 2020
In January, consumer prices rose 0.4% over the previous month, matching December’s increase. According to Rosstat, the overall increase was led by higher prices for food products, especially fruits and vegetables, while prices for non-food goods and services also ticked up, albeit marginally.
Inflation fell to 2.4% in the first month of the year, from 3.0% in December, marking the tenth consecutive month of falling inflation and the lowest reading since June 2018. Lastly, annual average inflation dipped to 4.3% in January, from 4.5% in the previous month.
Author: Almanas Stanapedis, Economist