Inflation in Russia
Russia - Inflation
Inflation hits highest level since October 2019 in September
Consumer prices fell 0.07% in September over the previous month, largely in line with August's 0.04% fall. September's result marked the sharpest decline in prices since September 2019.
Inflation came in at 3.7% in September, slightly above August’s 3.6%. September's reading represented the highest inflation rate since October 2019. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.1% in September (August: 3.2%). Core inflation rose to 3.3% from the previous month's 3.1%.
FocusEconomics panelists see inflation ending 2020 at 3.9%, which is up 0.1 percentage points from last month’s forecast. For 2021, participants project inflation to end the year at 3.6%, which is also up 0.1 percentage points from last month’s estimate.
Russia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||15.5||7.1||3.7||2.9||4.5|
5 years of economic forecasts for more than 30 economic indicators.
Russia Inflation Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
|Bond Yield||6.23||0.13 %||Dec 30|
|Exchange Rate||62.03||-0.12 %||Dec 30|
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October 15, 2020
Industrial output slid 5.0% in year-on-year terms in September, which was a deterioration from August's 4.2% decrease.
October 13, 2020
Merchandise exports sank 32.3% year-on-year in August, following July’s 27.5% dive.
October 6, 2020
Consumer prices fell 0.07% in September over the previous month, largely in line with August's 0.04% fall.
October 6, 2020
The consumer confidence index, published by the Federal Statistics Service (Rosstat) on 6 October, improved to minus 22 points in the third quarter, from the second quarter’s minus 30 points.
October 5, 2020
The IHS Markit Russia Services Business Activity Index fell to 53.7 in September from 58.2 in August.