Russia Inflation Rate Slows to 8-Month Low

The annual inflation rate in Russia decreased to 4.3 percent in August of 2019 from 4.6 percent in the previous month and below market expectations of 4.4 percent. It was the lowest inflation rate since December 2018, amid declines in food prices.

Yea-on-year, cost slowed for both food (5.0 percent vs 5.5 percent in July) and non-food products (3.5 percent vs 3.6 percent) while services prices also eased (4.4 percent vs 4.5 percent). 

Annual core inflation rate edged down to a seven-month low of 4.3 percent in August from 4.5 percent in the previous month. 

On a monthly basis, consumer prices decreased 0.2 percent, from a flat reading in July and in line with market expectations. Food products cost declined further (-0.9 percent vs -0.3 percent) while services prices advanced at a softer pace (0.2 percent vs 0.9 percent). Meanwhile, inflation was steady for non-food items (at 0.2 percent). 

Russia Inflation Rate Slows to 8-Month Low

Federal State Statistics Service | Rafael Gonzalez |
9/5/2019 1:17:36 PM