Producer Prices in Russia
Russia - Producer Prices
Inflation falls to six-month low in June
In June, consumer prices remained flat on a monthly basis, compared to May’s 0.3% month-on-month increase. According to Rosstat, the reading reflected lower prices for food products offsetting higher prices for services and non-food items.
Inflation fell to 4.7% in June, from 5.1% in May. June’s result marked the lowest reading since January as well as the third consecutive month of easing inflation. This signaled that the effects from January’s VAT hike that pushed up inflation at the outset of the year continued to fade, partly thanks to soft consumer demand dynamics.
Meanwhile, annual average inflation remained on the upward trend, surging to a 21-month high of 4.3% in June, from 4.1% in May.
FocusEconomics panelists see inflation ending 2019 at 4.4%, which is unchanged from last month’s forecast. For 2020, participants expect inflation to end the year at 3.9%.
Russia - Producer Prices Data
|Inflation (PPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||7.31||0.13 %||Jul 11|
|Exchange Rate||63.80||-0.12 %||Jul 11|
|Stock Market||2,790||-1.03 %||Jul 11|
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July 18, 2019
Merchandise exports totaled USD 31.6 billion in May, which represented a notable 13.5% contraction from the USD 36.5 billion sum recorded in the same month of 2018.
July 16, 2019
Industrial production rose 3.3% in annual terms in June, accelerating notably from May’s modest 0.9% year-on-year increase.
July 9, 2019
In June, consumer prices remained flat on a monthly basis, compared to May’s 0.3% month-on-month increase.
July 8, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) ticked up to minus 15 points in the second quarter, from minus 16 points in the first quarter.
July 4, 2019
A third estimate of national accounts data released by Rosstat on 3 July confirmed that growth plunged to 0.5% year-on-year in the first quarter of 2019.