Russia: Inflation steady in May
June 6, 2017
In May, consumer prices in Russia rose 0.4% from the previous month, a notch above April’s 0.3% increase. According to the Federal State Statistics Service (Rosstat), the result was largely due to rising prices for food items and services.
Inflation was steady at April’s 4.1% in May, which was the lowest level since June 2012. A stabilization in the ruble has helped support easing price pressures and annual average inflation also declined from 5.9% in April to 5.6% in May.