Producer Prices in Russia
Russia - Producer Prices
Inflation accelerates in February
In February, consumer prices rose 0.4% from the previous month, below the 1.0% increase recorded in January, which had marked the sharpest rise in three years. According to Rosstat, higher prices for food products led the overall price increase in February.
Meanwhile, inflation jumped to 5.2% in February from 5.0% in January, marking the highest reading since December 2016. Nevertheless, February’s reading came in below the expectations of market analysts as the effects of January’s value-added tax hike have been milder than expected, partly due to weaker consumer demand dynamics so far this year.
Lastly, annual average inflation rose to 3.6% in February, from January’s 3.2%.
Russia Inflation Forecast
Met the why particular panelists see inflation ending 2019 at 4.6%, which is unchanged from last month’s forecast. For 2020, participants expect inflation to end the year at 3.9%.
Russia - Producer Prices Data
|Inflation (PPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.46||0.13 %||Mar 11|
|Exchange Rate||65.96||-0.12 %||Mar 11|
|Stock Market||2,466||-1.03 %||Mar 11|
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March 15, 2019
Merchandise exports totaled USD 29.8 billion in January, which represented a 11.2% contraction from the USD 33.6 billion sum recorded in the same month of 2018.
March 6, 2019
In February, consumer prices rose 0.4% from the previous month, below the 1.0% increase recorded in January, which had marked the sharpest rise in three years.
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 50.9 in January to 50.1 in February, marking the third consecutive monthly drop and the weakest reading since September 2018.
February 25, 2019
Merchandise exports totaled USD 41.4 billion in December, which represented a 11.2% expansion from the USD 37.5 billion sum recorded in the same month of 2017.
February 15, 2019
Industrial output growth decelerated in January, according to the Federal State Statistics Service (Rosstat).