Inflation in Russia

Russia Inflation | Economic News & Forecasts

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

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 Yield7.880.13 %Aug 07
Exchange Rate63.50-0.12 %Aug 07
Stock Market2,312-1.03 %Aug 07

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