Russia Inflation October 2018

Russia: Inflation stays moderate in October

In October, consumer prices rose 0.4% from the previous month, above the 0.2% growth recorded in September. According to Rosstat, higher prices for food as well as clothing and footwear drove the increase.

Inflation inched up to 3.5% in October from September’s 3.4%. October’s reading undershot market expectations of a rise to 3.6% and inflation remained below the Central Bank’s target rate of 4.0%. Food inflation was softer than expected, while gasoline prices continued to post sharp gains. Annual average inflation, however, was unchanged at September’s 2.6%.

Taking stock after the data release, Dmitry Dolgin, Chief Economist at ING stated:

“Despite the lower than expected inflation number, the near-term inflationary trend, although upward-looking, is likely to fit into the central bank guidelines. Assuming no external shocks, we reiterate our call for a flat key rate of 7.5% in the medium term”

Russia Inflation Forecast

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