Russia Inflation November 2018

Russia

Russia: Inflation edges higher in November

December 6, 2018

In November, consumer prices rose 0.5% from the previous month, slightly above the 0.4% increase recorded in October. According to Rosstat, higher prices for food drove November’s result.

Inflation edged up to 3.8% in November from October’s 3.5% and in line with market expectations. November’s result marked the highest inflation since July 2017. That said, inflation remains below the Central Bank’s target rate of 4.0% and is expected to remain moderate in the coming months due to a freeze in gasoline prices and weak household spending.

Annual average inflation edged up to 2.7% in November from October’s 2.6%.

FocusEconomics panelists see inflation ending 2019 at 4.3%, which is up 0.1 percentage points from last month’s forecast. For 2020, participants expect inflation to end the year at 3.8%.


Author: Angela Bouzanis, Lead Economist

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Russia Inflation Chart


Russia Inflation November 2018

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


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