Inflation in Russia
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
|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||8.56||0.13 %||Oct 16|
|Exchange Rate||65.75||-0.12 %||Oct 16|
|Stock Market||2,417||-1.03 %||Oct 16|
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October 1, 2018
Business conditions in Russia’s manufacturing sector improved in September.
September 26, 2018
Industrial output growth lost steam in August, according to the Federal State Statistics Service (Rosstat).
September 14, 2018
At its 14 September meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) increased the key interest rate to 7.50% from 7.25%, surprising market analysts who had expected the rate to remain unchanged.
September 13, 2018
Merchandise exports totaled USD 34.4 billion in July, which represented a strong 39.5% expansion from the USD 24.7 billion sum recorded in the same month last year.
September 12, 2018
A second estimate of national accounts data released by Rosstat on 11 September shows that the economic recovery gained further steam in the first quarter, following a sharp slowdown at the end of last year.