Inflation in Russia
Russia - Inflation (end of period)
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||6.5||11.4||12.9||5.4||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Russia Inflation (eop) Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
|Bond Yield||7.70||0.13 %||Jun 13|
|Exchange Rate||64.52||-0.12 %||Jun 13|
|Stock Market||2,758||-1.03 %||Jun 13|
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June 11, 2019
Merchandise exports totaled USD 35.7 billion in April, which represented a 0.9% contraction from the USD 36.0 billion sum recorded in the same month of 2018.
May 27, 2019
Merchandise exports totaled USD 37.0 billion in March, which represented a 0.9% expansion from the USD 36.7 billion sum recorded in the same month of 2018.
May 17, 2019
GDP growth plunged to 0.5% year-on-year in the first quarter of 2019, according to a preliminary estimate.
April 30, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit eased from 52.8 in March, the best reading since January 2017, to 51.8 in April.
April 26, 2019
At its 26 April meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) held the key interest rate at 7.75%, as was expected by market analysts.