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.
Author: Almanas Stanapedis, Economist