Consumer prices in Russia showed no growth from a month earlier in June, after a 0.3 percent increase in the previous month and compared with market consensus of a 0.1 percent gain. Inflation was steady for non-food products (0.2 percent, the same as in May) and cost of food fell (-0.5 percent from 0.4 percent) while prices went up faster for services (0.6 percent from 0.4 percent). Inflation Rate Mom in Russia averaged 2.90 percent from 1992 until 2019, reaching an all time high of 100 percent in July of 1992 and a record low of -0.50 percent in August of 2017.
Inflation Rate Mom in Russia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Russia to stand at 0.60 in 12 months time. In the long-term, the Russia Inflation Rate MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.