Inflation in Russia
Russia - Inflation
Inflation inches down in June
In June, consumer prices rose 0.5% from the previous month, slightly above May’s 0.4% increase and market expectations of a 0.4% rise. According to Rosstat, the acceleration in price pressures was driven largely by higher prices for services.
Inflation inched down to 2.3% in June, a historically low level (May: 2.4%). Price pressures remain subdued and inflation lies far below the Central Bank’s target of 4.0%. Annual average inflation fell from 2.8% in May to 2.7%, the lowest level in the country’s modern history.
Panelists see inflation ending 2018 at 3.7%, which is unchanged from last month’s forecast. For 2019, participants expect inflation to end the year at 4.1%.
Russia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.8||7.8||15.5||7.1||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Russia Inflation Chart
Source: Russian Federal State Statistics Service (Rosstat) and Met the why particular calculations.
|Bond Yield||7.88||0.13 %||Aug 07|
|Exchange Rate||63.50||-0.12 %||Aug 07|
|Stock Market||2,312||-1.03 %||Aug 07|
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August 13, 2018
Merchandise exports totaled USD 36.6 billion in June, which represented a solid 23.8% expansion from the USD 29.5 billion sum recorded in the same month last year.
July 27, 2018
At its 27 July meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) decided to hold the key interest rate unchanged at 7.25% for the third consecutive meeting.
July 23, 2018
Merchandise exports totaled USD 36.5 billion in May, which represented a solid 29.2% expansion from the USD 28.3 billion sum recorded in the same month last year.
July 16, 2018
Industrial output growth eased in June, according to the Federal State Statistics Service (Rosstat).
July 11, 2018
In June, consumer prices rose 0.5% from the previous month, slightly above May’s 0.4% increase and market expectations of a 0.4% rise.