Russia: Inflation softens in May
June 17, 2022
Consumer prices rose 0.12% over the previous month in May, slowing down from April's 1.56% rise. May's result marked the weakest reading since September 2020. Looking at the details of the release, prices for food products fell at a weaker pace in May. Prices for non-food products and services also dropped at a more moderate rate.
Inflation fell to 17.1% in May from April’s 17.8%. Meanwhile, the trend pointed up, with annual average inflation coming in at 10.2% in May (April: 9.3%). Finally, core inflation fell to 19.9% in May, from the previous month's 20.4%.