Russia Inflation January 2024

Russia: Inflation holds stable in January

Inflation held steady at December’s 7.4% in January. December´s reading marked the highest rate since November 2023. Food and services inflation cooled slightly at the outset of 2024, while prices for non-food goods rose at a quicker pace. As a result, overall inflationary pressures remained well above the Central Bank’s 4.0% target.

The trend pointed down, with annual average inflation coming in at 5.6% in January (December: 5.9%). Meanwhile, core inflation rose to 7.2% in January, from December’s 6.8%.

Lastly, consumer prices increased 0.86% in January over the previous month, accelerating from the 0.73% increase logged in December.

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