Russia: Inflation falls to lowest level since February in August
September 9, 2022
Inflation came in at 14.3% in August, down from July’s 15.1%. August's figure marked the weakest inflation rate since February. The moderation was broad-based. Prices for services, food products and non-food goods all rose at a softer pace in August compared to the previous month.
That said, annual average inflation rose to 12.3% in August (July: 11.7%). Meanwhile, core inflation fell to 17.7% in August, from the previous month's 18.4%.
Finally, consumer prices fell 0.52% from the previous month in August, a sharper drop than the 0.39% drop logged in July. August's result marked the weakest reading since August 2017.