Russia Inflation April 2019

Russia

Russia: Inflation edges down in April

April 8, 2019

In April, consumer prices rose 0.3% from the previous month, matching March’s increase. According to Rosstat, prices rose mildly for services, while stronger gains for food products continued to drive the overall increase.

Inflation inched down to 5.2% in April, from March’s 5.3%. March’s result had marked the highest reading since December 2016. Although, January’s VAT hike has pushed up inflation, the overall effects have been milder than expected, partly due to weak demand dynamics so far this year.

Annual average inflation rose to 3.8% in April, from March’s 3.6%.

FocusEconomics panelists see inflation ending 2019 at 4.5%, which is down 0.1 percentage points from last month’s forecast. For 2020, participants expect inflation to end the year at 4.0%.


Author: Angela Bouzanis, Lead Economist

Sample Report

Looking for forecasts related to Inflation in Russia? Download a sample report now.

Download

Russia Inflation Chart


Russia Inflation April 2019 0

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


Russia Economic News

More news

Search form