Inflation in Russia

Russia Inflation | Economic News & Forecasts

Russia - Inflation

Inflation edges down in April

In April, consumer prices rose 0.3% from the previous month, matching March’s increase. According to Rosstat, prices rose mildly for services, while stronger gains for food products continued to drive the overall increase.

Inflation inched down to 5.2% in April, from March’s 5.3%. March’s result had marked the highest reading since December 2016. Although, January’s VAT hike has pushed up inflation, the overall effects have been milder than expected, partly due to weak demand dynamics so far this year.

Annual average inflation rose to 3.8% in April, from March’s 3.6%.

FocusEconomics panelists see inflation ending 2019 at 4.5%, which is down 0.1 percentage points from last month’s forecast. For 2020, participants expect inflation to end the year at 4.0%.

Russia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)6.8  7.8  15.5  7.1  3.7  

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Russia Inflation Chart

Russia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.

Russia Facts

Bond Yield7.700.13 %Jun 13
Exchange Rate64.52-0.12 %Jun 13
Stock Market2,758-1.03 %Jun 13

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