Producer Prices in Russia
Russia - Producer Prices
Inflation falls to 11-month low in October
In October, consumer prices rose 0.1% over the previous month, contrasting September’s 0.2% month-on-month contraction and marking the first increase in three months. According to Rosstat, the uptick reflected higher prices for both food products and non-food goods, which more than offset lower prices for services.
Inflation fell to 3.8% in October, from 4.0% in September. October’s result marked the seventh consecutive month of moderating inflation and the lowest reading since November 2018. Lastly, annual average inflation remained stable at 4.6% in October, after trending up for 11 consecutive months.
Panelists see inflation ending 2020 at 3.8%, which is unchanged from last month’s forecast. For 2021, participants also expect 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||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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November 13, 2019
GDP growth accelerated to 1.7% year-on-year in the third quarter of 2019, according to a preliminary estimate released by Rosstat on 13 November.
Russia: Private sector metrics improve as Services PMI jumps and Manufacturing PMI inches up in October
November 7, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 47.2 in October from 46.3 in September, marking the second-worst result since May 2009.
November 6, 2019
In October, consumer prices rose 0.1% over the previous month, contrasting September’s 0.2% month-on-month contraction and marking the first increase in three months.
October 25, 2019
At its 25 October meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) trimmed the key interest rate by 50 basis points to 6.50%, the lowest level since January 2014.
October 22, 2019
Merchandise exports totaled USD 33.8 billion in August, representing a marked 9.7% contraction from the USD 37.5 billion sum recorded in the same month of 2018.