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
|Inflation Rate (CPI, annual variation in %)||7.8||15.5||7.1||3.7||2.9|
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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February 10, 2020
On 15 January, during the annual address to the Federal Assembly, President Vladimir Putin announced the most sweeping constitutional reforms in the history of modern Russia.
February 7, 2020
At its 7 February meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) trimmed the key interest rate by 25 basis points to 6.00%, the lowest level since January 2014.
February 6, 2020
In January, consumer prices rose 0.4% over the previous month, matching December’s increase.
February 5, 2020
The IHS Markit Russia Services Business Activity Index rose to 54.1 in January, from 53.1 in December.
February 3, 2020
The Russia IHS Markit Manufacturing PMI rose to 47.9 in January, from 47.5 in December, marking the best result since August 2019.