Inflation in Russia

Russia Inflation | Economic News & Forecasts

Russia - Inflation

Inflation dips to 10-month low in September

In September, consumer prices fell 0.2% over the previous month, matching August’s result which had marked the first drop in monthly prices in nearly two years. According to Rosstat, the result reflected lower prices for services and food products, the later entirely due to lower fruit and vegetable prices, which more than offset higher prices for non-food items.

Inflation fell to a 10-month low of 4.0% in September, from 4.3% in August. September’s result marked the sixth consecutive month of moderating inflation. That said, annual average inflation continued trending up, ticking up to an over two-year high of 4.6% in September, from 4.5% in August.

Panelists see inflation ending 2019 at 4.0%, which is down 0.2 percentage points from last month’s forecast. For 2020, participants expect inflation to end the year at 3.8%, which is down 0.1 percentage points from last month’s forecast.

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 Yield7.040.13 %Sep 04
Exchange Rate66.91-0.12 %Sep 04
Stock Market2,793-1.03 %Sep 04

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