Inflation in Russia
Russia - Inflation (end of period)
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 (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||7.04||0.13 %||Sep 04|
|Exchange Rate||66.91||-0.12 %||Sep 04|
|Stock Market||2,793||-1.03 %||Sep 04|
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October 16, 2019
Industrial output, in annual terms, increased 3.0% in September, marginally up from August’s 2.9% year-on-year rise.
October 4, 2019
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.
October 4, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) on 4 October edged up to minus 13 points in the third quarter, from minus 15 points in the second quarter.
Russia: Composite PMI broadly unchanged in September amid diverging trends in manufacturing and services sectors
October 3, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dived to 46.3 in September, from 49.1 in August, marking the worst result since May 2009.
October 2, 2019
Annual growth accelerated to 0.9% in the second quarter, as confirmed by a third estimate of national accounts data released by Rosstat on 2 October.