Russia Inflation September 2020


Russia: Inflation hits highest level since October 2019 in September

September 4, 2020

Consumer prices fell 0.07% in September over the previous month, largely in line with August's 0.04% fall. September's result marked the sharpest decline in prices since September 2019.

Inflation came in at 3.7% in September, slightly above August’s 3.6%. September's reading represented the highest inflation rate since October 2019. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.1% in September (August: 3.2%). Core inflation rose to 3.3% from the previous month's 3.1%.

FocusEconomics panelists see inflation ending 2020 at 3.9%, which is up 0.1 percentage points from last month’s forecast. For 2021, participants project inflation to end the year at 3.6%, which is also up 0.1 percentage points from last month’s estimate.


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