Russia Inflation February 2018

Russia

Russia: Inflation steadies at historic low in February

March 9, 2018

In February, consumer prices rose 0.2% from the previous month, a notch below the 0.3% month-on-month rise observed in January.

Inflation rested at a historic low of 2.2% in February, matching January’s result. Price pressures have fallen notably in 2017, in part due to a solid performance by the ruble and lower food prices thanks to a healthy harvest. Inflation lies far below the Central Bank’s target of 4.0%. Annual average inflation also declined from 3.5% in January to 3.3% in February, another historical low.

Panelists see inflation ending 2018 at 4.0%, which is unchanged from last month’s forecast. For 2019, participants expect inflation to also end the year at 4.0%.


Author: Angela Bouzanis, Senior Economist

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Russia Inflation Chart


Russia Inflation February 2018 0

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


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