Russia Inflation November 2020


Russia: Inflation rises to highest level since August 2019 in November

December 4, 2020

Consumer prices jumped 0.71% over the previous month in November, accelerating from October’s 0.43% upturn. November's result marked the strongest rise in monthly prices since April and was largely driven a marked increase in prices for fruits and vegetables.

Inflation edged up to 4.2% in November, from 4.0% in the previous month, marking the highest reading since August 2019. Meanwhile, annual average inflation remained unchanged at October’s 3.2% in November. Lastly, core inflation rose to 3.8% in November from 3.6% in the previous month.

FocusEconomics panelists see inflation ending 2021 at 3.5%, which is unchanged from last month’s forecast. For 2022, participants project inflation to end the year at 3.7%.


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Russia Inflation Chart

Russia Inflation November 20 20

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

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