Russia Inflation June 2019

Russia: Inflation falls to six-month low in June

In June, consumer prices remained flat on a monthly basis, compared to May’s 0.3% month-on-month increase. According to Rosstat, the reading reflected lower prices for food products offsetting higher prices for services and non-food items.

Inflation fell to 4.7% in June, from 5.1% in May. June’s result marked the lowest reading since January as well as the third consecutive month of easing inflation. This signaled that the effects from January’s VAT hike that pushed up inflation at the outset of the year continued to fade, partly thanks to soft consumer demand dynamics.

Meanwhile, annual average inflation remained on the upward trend, surging to a 21-month high of 4.3% in June, from 4.1% in May.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest