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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 15.5 | 7.1 | 3.7 | 2.9 | 4.5 |
Russia Inflation Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.23 | 0.13 % | Dec 30 |
| Exchange Rate | 62.03 | -0.12 % | Dec 30 |
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Economic News
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Russia: Industrial output deteriorates in September
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.
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Russia: Merchandise exports fall at a steeper pace in August
October 13, 2020
Merchandise exports sank 32.3% year-on-year in August, following July’s 27.5% dive.
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Russia: Inflation hits highest level since October 2019 in September
October 6, 2020
Consumer prices fell 0.07% in September over the previous month, largely in line with August's 0.04% fall.
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Russia: Consumer confidence improves but remains downbeat in Q3
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.
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Russia: Services PMI retreats but remains in expansionary territory in September
October 5, 2020
The IHS Markit Russia Services Business Activity Index fell to 53.7 in September from 58.2 in August.
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