Russia Inflation February 2020

Russia

Russia: Inflation ticks down to 20-month low in February

March 6, 2020

In February, consumer prices rose 0.3% over the previous month, down slightly from January’s 0.4% increase. According to Rosstat, the overall increase was led by higher prices for services, and fruits and vegetables, while prices for both non-food goods and food products excluding fruits and vegetables remained unchanged from the previous month.

Inflation ticked down to 2.3% in the second month of the year, from 2.4% in January, marking the 11th consecutive month of falling inflation and the new lowest reading since June 2018. Lastly, annual average inflation dipped to 4.0% in Febraury, from 4.3% in the first month of the year.

FocusEconomics panelists see inflation ending 2020 at 3.5%, which is down 0.2 percentage points from last month’s forecast. For 2021, participants project inflation to end the year at 3.7%.


Author:, Economist

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