Inflation in Russia
Russia - Inflation
Inflation ticks down to a fresh year-to-date low in July
In July, consumer prices rose 0.2% from the previous month, compared to June’s flat reading. According to Rosstat, the result reflected higher prices for services and non-food items, which more than offset lower food prices.
Inflation ticked down to 4.6% in July, from 4.7% in June, the lowest reading since December 2018. Notably, this marked the fourth consecutive month of moderating inflation which could pave the way for a monetary policy rate cut by the Central Bank on 6 September, provided that the disinflation trend holds up in August.
Meanwhile, annual average inflation continued trending upwards, ticking up to a 22-month high of 4.4% in July, from 4.3% in June.
FocusEconomics panelists see inflation ending 2019 at 4.3%, which is down 0.1 percentage points from last month’s forecast. For 2020, participants expect inflation to end the year at 3.9%.
Russia - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 6.8 | 7.8 | 15.5 | 7.1 | 3.7 |
Russia Inflation Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.30 | 0.13 % | Jul 31 |
| Exchange Rate | 63.38 | -0.12 % | Jul 31 |
| Stock Market | 2,740 | -1.03 % | Jul 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Russia: Industrial output growth moderates in July
August 15, 2019
Annual industrial output growth came in at 2.8% in July, softening from June’s 3.3% year-on-year jump.
Russia: Economic growth accelerates in Q2 but remains weak nonetheless
August 12, 2019
GDP growth accelerated to 0.9% year-on-year in the second quarter of 2019, according to a preliminary estimate released on 12 August.
Russia: Inflation ticks down to a fresh year-to-date low in July
August 7, 2019
In July, consumer prices rose 0.2% from the previous month, compared to June’s flat reading.
Russia: Despite improving, manufacturing PMI remains in contractionary territory in July; services PMI signals mild activity growth
August 5, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 49.3% in July, from 48.6 in June.
Russia: Manufacturing PMI improves slightly bur remains in contractionary territory in July
August 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 49.3% in July, from 48.6 in June.
© Copyright: 2019 | Russia Inflation | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
