Russia Inflation December 2019


Russia: Inflation falls to 17-month low in December

January 10, 2020

In December, consumer prices rose 0.4% over the previous month, up slightly from November’s 0.3% climb. According to Rosstat, the upturn was led by higher prices for food products, while prices for non-food goods and services rose more modestly.

Inflation dipped from 3.5% in November to 3.0% in December, marking the ninth consecutive month of easing inflation and the lowest reading since July 2018. Lastly, annual average inflation ticked down to 4.5% from 4.6% in the previous month.

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 December 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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