The annual inflation rate in Russia increased to 5.2 percent in February of 2019 from 5 percent in the previous month, in line with market expectations. It was the highest inflation rate since December of 2016, boosted by prices of food, non-food products and services. In January of 2019, the government raised VAT to 20 percent from 18 percent. On a monthly basis, consumer prices went up 0.4 percent, after a 1 percent rise in January. Inflation Rate in Russia averaged 122.02 percent from 1991 until 2019, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January of 2018.

Inflation Rate in Russia is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Russia to stand at 5.00 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Russia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-06 01:00 PM Inflation Rate YoY 3.8% 3.5% 3.9% 3.8%
2019-01-10 01:00 PM Inflation Rate YoY 4.3% 3.8% 4.2% 4%
2019-02-06 01:00 PM Inflation Rate YoY 5% 4.3% 5.2% 4.8%
2019-03-06 01:15 PM Inflation Rate YoY 5.2% 5% 5.2% 5.5%
2019-04-05 01:00 PM Inflation Rate YoY 5.2% 5.4%
2019-05-07 01:00 PM Inflation Rate YoY 5.9%
2019-06-06 01:00 PM Inflation Rate YoY 5.7%



Russia Inflation Rate Rises to Over 2-Year High as Expected

The annual inflation rate in Russia increased to 5.2 percent in February of 2019 from 5 percent in the previous month, in line with market expectations. It was the highest inflation rate since December of 2016, boosted by prices of food, non-food products and services. In January of 2019, the government raised VAT to 20 percent from 18 percent.

Within the goods component, food cost advanced 5.9 percent in February, following a 5.5 percent rise in January and prices of non-food products rose 4.6 percent, after a 4.5 percent gain in the previous month. Also, services inflation picked up to 5.1 percent in February from 5 percent in January.

Annual core inflation rate climbed to 4.4 percent in February from 4.1 percent in the previous month. It was the highest rate since March of 2017.

On a monthly basis, consumer prices went up 0.4 percent, after a 1 percent rise in prior month and matching market consensus. Upward pressure came from all main categories: food (0.8 percent from 1.3 percent); non-food products (0.3 percent from 0.6 percent); and services (0.2 percent vs 1.1 percent). 


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
3/6/2019 1:28:04 PM


News

Russia Inflation Rate Jumps to 2-Year High
Russia’s consumer price inflation increased to 5 percent year-on-year in January 2019 from 4.3 percent in the previous month, but slightly below market expectations of 5.2 percent. It was the highest inflation rate since January 2017 after the government raised VAT to 20 percent from 18 percent.
Published on 2019-02-06

Russia Inflation Rises Above Forecasts to 18-Month High
Russia’s consumer price inflation increased to 4.3 percent year-on-year in December 2018 from 3.8 percent in the previous month, slightly above market expectations of 4.2 percent. It was the highest inflation rate since June 2017 on the back of rising prices of food and services while non-food inflation eased.
Published on 2019-01-10

Russia Inflation Rate Rises to Near 1-1/2-Year High
Russia’s annual inflation rate rose to 3.8 percent in November 2018 from 3.5 percent in the previous month, still below market expectations of 3.9 percent. It was the highest inflation rate since July 2017 on the back of rising prices of food and non-food products while service inflation eased.
Published on 2018-12-06

Russia Inflation Rate Climbs to 15-Month High
Russia’s annual inflation rate rose to 3.5 percent in October 2018 from 3.4 percent in the previous month, still below market expectations of 3.6 percent. It was the highest inflation rate since July 2017 boosted by prices of food, non-food products and services.
Published on 2018-11-06



Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 5.20 5.00 2333.30 2.20 percent [+]
Inflation Rate Mom 0.40 1.00 100.00 -0.50 percent [+]
Consumer Price Index CPI 582.90 580.50 582.90 0.10 Index Points [+]
Core Consumer Prices 100.40 100.60 103.50 100.10 Index Points [+]
Core Inflation Rate 4.40 4.10 17.50 1.80 percent [+]
GDP Deflator 116.84 114.61 121.34 43.41 Index Points [+]
Producer Prices 676.20 675.50 722.40 0.00 Index Points [+]
Producer Prices Change 9.00 9.50 33.70 -12.30 percent [+]
Food Inflation 6.70 5.30 26.10 -0.60 percent [+]


Russia Inflation Rate

In Russia, the most important categories in the consumer price index are food and non-alcoholic beverages (30 percent of the total weight) and transport (14 percent). The index also includes: clothing and footwear (11 percent); housing, water, electricity, gas and other fuels (11 percent); recreation and cultural activities (6 percent), alcoholic beverages and tobacco products (6 percent) and household appliances (6 percent). Health, communication, education, hotels, restaurants and other goods and services account for the remaining 16 percent of total weight. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.00 2333.30 2.20 1991 - 2019 percent Monthly




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.40 Jan/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Jan/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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