Producer Prices in Russia
Russia - Producer Prices
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 - Producer Prices Data
|Inflation (PPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.23||0.13 %||Dec 30|
|Exchange Rate||62.03||-0.12 %||Dec 30|
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February 18, 2020
Merchandise exports totaled USD 39.6 billion in December 2019, representing a 3.0% year-on-year contraction.
February 17, 2020
Industrial output rose 1.1% year-on-year in January, slowing from December’s 1.7% increase.
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.