Russia Inflation December 2018

Russia: Inflation jumps to 18-month high in December

According to preliminary data, in December, consumer prices rose 0.8% from the previous month, above the 0.5% increase recorded in November and the sharpest rise in nearly three years. According to Rosstat, higher prices for food drove December’s result.

Inflation soared to 4.2% in December, above November’s 3.8% and the highest reading since June 2017. In addition, inflation ended 2018 above the Central Bank’s 4.0% target. A weak ruble has stroked price pressures, along with higher food prices in recent months. Inflation is expected to rise sharply in the first half of 2019 due to an increase in the VAT tax at the start of the year.

Annual average inflation edged up to 2.9% in December from November’s 2.7%.

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