Inflation in Russia
Russia - Inflation
Inflation dips to 19-month low in January
In January, consumer prices rose 0.4% over the previous month, matching December’s increase. According to Rosstat, the overall increase was led by higher prices for food products, especially fruits and vegetables, while prices for non-food goods and services also ticked up, albeit marginally.
Inflation fell to 2.4% in the first month of the year, from 3.0% in December, marking the tenth consecutive month of falling inflation and the lowest reading since June 2018. Lastly, annual average inflation dipped to 4.3% in January, from 4.5% in the previous month.
FocusEconomics panelists see inflation ending 2020 at 3.7%, which is down 0.1 percentage points from last month’s forecast. For 2021, participants project inflation to end the year at 3.8%.
Russia - Inflation Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 7.8 | 15.5 | 7.1 | 3.7 | 2.9 |
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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Russia: Inflation dips to 19-month low in January
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In January, consumer prices rose 0.4% over the previous month, matching December’s increase.
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