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Russia Inflation Rate Confirmed at Over 1-1/2-Year High
The annual inflation rate in Russia rose to 4.9 percent in December of 2020 from 4.4 percent in the previous month, in line with preliminary estimates. It was the highest inflation rate since May of 2020 and remained well above the central bank's 4% target. Cost advanced faster for food products (6.7 percent vs 5.8 percent in November), non-food products (4.8 percent vs 4.5 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in November.
Published on 2021-01-12

Russia Inflation Rate Soars to Over 1-1/2-Year High
The annual inflation rate in Russia rose to 4.9 percent in December of 2020 from 4.4 percent in the previous month, a preliminary estimate showed. It was the highest inflation rate since May of 2019 and remained well above the central bank's 4% target. Cost advanced faster for food products (6.7 percent vs 5.8 percent in November), non-food products (4.8 percent vs 4.5 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in November.
Published on 2020-12-31

Russia Inflation Rate Above Central Bank's 4% Target
The annual inflation rate in Russia rose to 4.4% in November of 2020 from 4% in the prior month, above market expectations of 4.3% and the central bank's 4% target. It was the highest inflation rate since July of 2019, as cost advanced faster for both food products (5.8% vs 4.8% in October) and non-food products (4.5% vs 4.2%). Meantime, services inflation remained steady (at 2.5%). On a monthly basis, consumer prices went up 0.7%, following a 0.4% rise in October and beating market expectations of a 0.6% increase.
Published on 2020-12-04

Russia Inflation Rate Hits Central Bank's 4% Target
The annual inflation rate in Russia rose to 4 percent in October 2020 from 3.7 percent in the previous month, in line with market expectations and matching the central bank's target. It was the highest inflation rate since September 2019, as cost advanced faster for both food products (4.8 percent vs 4.4 percent in September) and non-food products (4.2 percent vs 3.8 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after a 0.1 percent fall in September.
Published on 2020-11-06

Russia Inflation Rate Rises to 11-Month High of 3.7%
The annual inflation rate in Russia rose to 3.7 percent in August of 2020 from 3.6 percent in the prior month and matching market expectations, though remaining slightly below the central bank's 4 percent target. It was the highest inflation rate since October of 2019, pushed up by prices of food products (4.4 percent vs 4.3 percent in August), non-food products (3.8 percent vs 3.4 percent). Meantime, services inflation slowed to 2.5 percent from 2.7 percent. On a monthly basis, consumer prices were down 0.1 percent, after increasing 0.4 percent in July and compared to forecasts of a flat reading.
Published on 2020-10-06

Russia Inflation Rate Rises More than Expected
The annual inflation rate in Russia rose to 3.6 percent in August of 2020 from 3.4 percent in the previous month and above market expectations of 3.5 percent, though remaining below the central bank's 4 percent target. It was the highest inflation rate since October 2019, pushed up by prices of food products (4.3 percent vs 4.2 percent in July), non-food products (3.4 percent vs 3.1 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices showed no growth, after a 0.4 percent gain in July and in line with market consensus.
Published on 2020-09-04

Russia Inflation Rate Quickens to 8-Month High
The annual inflation rate in Russia rose to 3.4 percent in July of 2020 from 3.2 percent in the prior month and matching market expectations, though remaining below the central bank's 4 percent target. It was the highest inflation rate since last November, pushed up by prices of both food (4.2 percent vs 3.9 percent in June) and non-food products (3.1 percent vs 3 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after increasing 0.2 percent in June and in line with market consensus.
Published on 2020-08-06

Russia Inflation Rate at 7-Month High of 3.2%
The annual inflation rate in Russia picked up to 3.2 percent in June of 2020 from 3 percent in the previous month and in line with market expectations as the economy gradually recovers from the coronavirus shock. It was the highest inflation since November of 2019, as cost advanced faster for both food (3.9 percent vs 3.3 percent in May) and non-food products (3 percent vs 2.8 percent). On the other hand, services inflation slowed (3 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.2 percent, after gaining 0.3 percent in May.
Published on 2020-07-08

Russia Inflation Rate Slows to 3% in May
The annual inflation rate in Russia decreased to 3 percent in May of 2020 from 3.1 percent in the previous month and in line with market expectations. Prices slowed for food (3.3 percent vs 3.5 percent in April) and non-food inflation was steady (at 2.8 percent). On the other hand, cost of services advanced faster (3 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.3 percent, following a 0.8 percent gain in April.
Published on 2020-06-05

Russia Inflation Rate Climbs to 5-Month High
The annual inflation rate in Russia increased to 3.1 percent year-on-year in April of 2020 from 2.5 percent in the previous month and in line with market expectations. It was the highest inflation since November of 2019, with main upward pressure coming from both food (3.5 percent vs 2.2 percent) and non-food products (2.8 percent vs 2.5 percent) while services cots slowed (2.9 percent vs 3.0 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.6 percent gain in February and in line with expectations.
Published on 2020-05-07

Russia Inflation Rate Rises Less than Expected
The annual inflation rate in Russia increased to 2.5 percent year-on-year in March of 2020 from 2.3 percent in the previous month and below market expectations of 2.7 percent. It was the highest inflation since December of 2019, with main upward pressure coming from services (3 percent); non-food products (2.5 percent) and food products (2.2 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.3 percent gain in February and compared to forecasts of a 0.7 percent rise.
Published on 2020-04-06

Russia Inflation Rate Drops to 1-1/2-Year Low
Russia's inflation rate edged down to 2.3 percent year-on-year in February 2020 from 2.4 percent in the previous month, in line with market expectations. That was the lowest rate since June 2018. On a monthly basis, consumer prices increased 0.3 percent, also matching forecasts.
Published on 2020-03-06

Russia Inflation Rate Falls Below Expectations
Annual inflation rate in Russia decreased to 2.4 percent in January 2019 from 3.0 percent in the previous month and slightly below market expectations of 2.5 percent. It was the lowest inflation since June 2018, as cost slowed for non-food products (2.5 percent vs 3.0 percent in December), food (2.0 percent vs 2.6 percent) and services (2.8 percent vs 3.8 percent). The core inflation rate declined to 2.7 percent in January from 3.1 percent, its lowest since August 2018. On a monthly basis, consumer prices went up 0.4 percent, the same as in the prior month.
Published on 2020-02-06

Russia Inflation Confirmed at 1-1/2-Year Low
The inflation rate in Russia was confirmed at 3.0 percent in December 2019, the lowest since July 2018 and compared to the previous month's 3.5 percent. Food prices increased 2.6 percent (vs 3.7 percent in November), with upward pressure coming from butter (10.0 percent), bread and bakery products (6.3 percent), meat and poultry (0.2 percent), fish and seafood (5.2 percent), and milk and dairy products (6.1 percent). Also, non-food products cost rose 3.0 percent (vs 3.1 percent in November) while services prices advanced 3.8 percent (vs 3.9 percent in November). The core inflation rate dropped to 3.1 percent from 3.5 percent. On a monthly basis, consumer prices rose 0.4 percent, following a 0.3 percent gain in November.
Published on 2020-01-10

Russia Inflation Rate Down to 1-1/2-Year Low
Russia's annual inflation fell further to 3.0 percent in December 2019 from 3.5 percent in the previous month and below market expectations of 3.1 percent, a preliminary estimate showed. That was the lowest rate since July 2018. On a monthly basis, consumer prices rose 0.4 percent, in line with consensus and compared to November's 0.3 percent advance.
Published on 2019-12-31

Russia Inflation Rate Falls to 1-Year Low of 3.5%
Russia's annual inflation fell further to 3.5 percent in November 2019 from 3.8 percent in the previous month and below market expectations of 3.6 percent. That was the lowest inflation rate since October 2018, mainly due to lower prices of both food and non-food products. On a monthly basis, consumer prices edged up 0.3 percent, following a 0.1 percent gain in October.
Published on 2019-12-06

Russia Inflation Rate at Near 1-Year Low
Russia's annual inflation fell further to 3.8 percent in October 2019 from 4.0 percent in the previous month, in line with market expectations. That was the lowest rate since November 2018, as prices rose at a softer pace for goods and services.
Published on 2019-11-06

Russia Inflation Rate at 10-Month Low of 4%
The annual inflation rate in Russia decreased to 4 percent in September 2019 from 4.3 percent in the previous month and below market expectations of 4.1 percent. It was the lowest inflation rate since November 2018.
Published on 2019-10-04

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.
Published on 2019-09-05

Russia Inflation Rate Eases to 7-Month Low of 4.6% in July
The annual inflation rate in Russia decreased to 4.6 percent in July of 2019 from 4.7 percent in the previous month and in line with market expectations. It was the lowest inflation rate since December of 2018, mainly due to lower services prices.
Published on 2019-08-06