Russia Inflation June 2017

Russia

Russia: Inflation rises in June

July 7, 2017

In June, consumer prices rose 0.6% from the previous month, edging up from May’s 0.4% increase. According to the Federal State Statistics Service (Rosstat), the result was largely due to rising prices for food items and services.

Inflation came in at 4.4% in June, above May’s 4.1%, which has marked the lowest level since June 2012. A stabilization in the ruble has helped support easing price pressures and annual average inflation declined from 5.6% in May to 5.4%.

Panelists see inflation ending 2017 at 4.0%, which is unchanged from last month’s forecast. For 2018, participants expect inflation to end the year at 4.1%.


Author: Angela Bouzanis, Senior Economist

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Russia Inflation June 2017

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Federal State Statistics Service (Rosstat).


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