Russia Inflation September 2019

Russia

Russia: Inflation falls to 11-month low in October

November 6, 2019

In October, consumer prices rose 0.1% over the previous month, contrasting September’s 0.2% month-on-month contraction and marking the first increase in three months. According to Rosstat, the uptick reflected higher prices for both food products and non-food goods, which more than offset lower prices for services.

Inflation fell to 3.8% in October, from 4.0% in September. October’s result marked the seventh consecutive month of moderating inflation and the lowest reading since November 2018. Lastly, annual average inflation remained stable at 4.6% in October, after trending up for 11 consecutive months.

Panelists see inflation ending 2020 at 3.8%, which is unchanged from last month’s forecast. For 2021, participants also expect inflation to end the year at 3.8%.


Author:, Economist

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Russia Inflation Chart


Russia Inflation October 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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