Inflation in Russia

Russia Inflation | Economic News & Forecasts

Russia - Inflation

Inflation hits one-year high in August

In August, consumer prices were unchanged from the previous month, contrasting the 0.3% month-on-month rise recorded in July. According to Rosstat, lower prices for food products were balanced out by rising prices for services and non-food goods.

Inflation rose to 3.1% in August, from 2.5% in July. August’s result marked the highest inflation in one year. However, price pressures remain subdued in a historical context and inflation lies below the Central Bank’s target of 4.0%. Annual average inflation was unchanged at July’s 2.5%, the lowest level in the country’s modern history.

Panelists see inflation ending 2018 at 3.6%, which is unchanged from last month’s forecast. For 2019, participants expect inflation to end the year at 4.1%, which is also unchanged from the previous month’s forecast.

Russia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)6.8  7.8  15.5  7.1  3.7  

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Russia Inflation Chart

Russia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Russian Federal State Statistics Service (Rosstat) and Met the why particular calculations.

Russia Facts

Bond Yield8.560.13 %Oct 16
Exchange Rate65.75-0.12 %Oct 16
Stock Market2,417-1.03 %Oct 16

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