News

Russia Inflation Rate Rises More than Expected
Russia’s annual inflation rate rose to 6.5 percent in June of 2021, quickening from a 6.0 percent jump in the previous month and beat market expectations of a 6.3 percent hike. The latest reading remained well above the central bank's 4% target and it was the highest inflation rate since August of 2016, underpinned by prices of food (7.9 percent), non-food products (7.0 percent), and lastly, services (4.0 percent). On a monthly basis, consumer prices went up 0.7 percent, the same as in May and compared to forecasts of a 0.5 percent increase.
Published on 2021-07-07

Russia Inflation Rate Quickens to Near 5-Year High
Consumer prices in Russia jumped 6.0 percent in May of 2021, following a 5.5 percent increase in the previous month and faster than market expectations of a 5.8 percent hike. The latest reading remained well above the central bank's 4% target and it was the highest inflation rate since October of 2016, mainly driven by prices of food (7.4 percent), non-food products (6.7 percent), and lastly, services (3.3 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.6 percent advance in April and compared to forecasts of a 0.6 percent rise.
Published on 2021-06-07

Russia Inflation Came in Line with Expectations
The annual inflation rate in Russia slowed to 5.5 percent in April of 2021 from 5.8 percent in the previous month and in line with market expectations. On a monthly basis, consumer prices went up 0.6 percent, following a 0.7 percent gain in March and compared to forecasts of a 0.6 percent rise.
Published on 2021-05-07

Russia Inflation Rate Highest since 2016
The annual inflation rate in Russia rose to 5.8 percent in March of 2021 from 5.7 percent in the previous month, in line with market expectations and well above the central bank's 4% target. It was the highest inflation rate since November 2016, with main upward pressure coming from food (7.6 percent), non-food products (5.9 percent) and services (3.2 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.8 percent gain in February and compare to forecasts of a 0.6 percent rise.
Published on 2021-04-06

Russia Inflation Rate Picks Up to Over 4-Year High
The annual inflation rate in Russia picked up to 5.7 percent in February of 2021 from 5.2 percent in the previous month and above market expectations of 5.5 percent and well above the central bank's 4% target. It was the highest inflation rate since November 2016, with main upward pressure coming from food (7.7 percent), non-food products (5.7 percent) and services (2.9 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in January and compared to forecasts of a 0.6 percent rise.
Published on 2021-03-05

Russia Inflation Rate at Near 2-Year High
Russia's consumer price inflation rate rose to 5.2 percent in January 2021, from 4.9 percent in the previous month but below market expectations of 5.3 percent. It was the highest rate since April 2019 as prices rose for food products (1.0 percent), in particular fruits and vegetables (4.8 percent), and non-food items (0.5 percent). In addition, cost of services advanced 0.4 percent. On a monthly basis, consumer prices increased 0.7 percent in January.
Published on 2021-02-05

Russia Inflation Rate Confirmed at Over 1-1/2-Year High
The annual inflation rate in Russia rose to 4.9 percent in December of 2020 from 4.4 percent in the previous month, in line with preliminary estimates. It was the highest inflation rate since May of 2020 and remained well above the central bank's 4% target. Cost advanced faster for food products (6.7 percent vs 5.8 percent in November), non-food products (4.8 percent vs 4.5 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in November.
Published on 2021-01-12

Russia Inflation Rate Soars to Over 1-1/2-Year High
The annual inflation rate in Russia rose to 4.9 percent in December of 2020 from 4.4 percent in the previous month, a preliminary estimate showed. It was the highest inflation rate since May of 2019 and remained well above the central bank's 4% target. Cost advanced faster for food products (6.7 percent vs 5.8 percent in November), non-food products (4.8 percent vs 4.5 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in November.
Published on 2020-12-31

Russia Inflation Rate Above Central Bank's 4% Target
The annual inflation rate in Russia rose to 4.4% in November of 2020 from 4% in the prior month, above market expectations of 4.3% and the central bank's 4% target. It was the highest inflation rate since July of 2019, as cost advanced faster for both food products (5.8% vs 4.8% in October) and non-food products (4.5% vs 4.2%). Meantime, services inflation remained steady (at 2.5%). On a monthly basis, consumer prices went up 0.7%, following a 0.4% rise in October and beating market expectations of a 0.6% increase.
Published on 2020-12-04

Russia Inflation Rate Hits Central Bank's 4% Target
The annual inflation rate in Russia rose to 4 percent in October 2020 from 3.7 percent in the previous month, in line with market expectations and matching the central bank's target. It was the highest inflation rate since September 2019, as cost advanced faster for both food products (4.8 percent vs 4.4 percent in September) and non-food products (4.2 percent vs 3.8 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after a 0.1 percent fall in September.
Published on 2020-11-06

Russia Inflation Rate Rises to 11-Month High of 3.7%
The annual inflation rate in Russia rose to 3.7 percent in August of 2020 from 3.6 percent in the prior month and matching market expectations, though remaining slightly below the central bank's 4 percent target. It was the highest inflation rate since October of 2019, pushed up by prices of food products (4.4 percent vs 4.3 percent in August), non-food products (3.8 percent vs 3.4 percent). Meantime, services inflation slowed to 2.5 percent from 2.7 percent. On a monthly basis, consumer prices were down 0.1 percent, after increasing 0.4 percent in July and compared to forecasts of a flat reading.
Published on 2020-10-06

Russia Inflation Rate Rises More than Expected
The annual inflation rate in Russia rose to 3.6 percent in August of 2020 from 3.4 percent in the previous month and above market expectations of 3.5 percent, though remaining below the central bank's 4 percent target. It was the highest inflation rate since October 2019, pushed up by prices of food products (4.3 percent vs 4.2 percent in July), non-food products (3.4 percent vs 3.1 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices showed no growth, after a 0.4 percent gain in July and in line with market consensus.
Published on 2020-09-04

Russia Inflation Rate Quickens to 8-Month High
The annual inflation rate in Russia rose to 3.4 percent in July of 2020 from 3.2 percent in the prior month and matching market expectations, though remaining below the central bank's 4 percent target. It was the highest inflation rate since last November, pushed up by prices of both food (4.2 percent vs 3.9 percent in June) and non-food products (3.1 percent vs 3 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after increasing 0.2 percent in June and in line with market consensus.
Published on 2020-08-06

Russia Inflation Rate at 7-Month High of 3.2%
The annual inflation rate in Russia picked up to 3.2 percent in June of 2020 from 3 percent in the previous month and in line with market expectations as the economy gradually recovers from the coronavirus shock. It was the highest inflation since November of 2019, as cost advanced faster for both food (3.9 percent vs 3.3 percent in May) and non-food products (3 percent vs 2.8 percent). On the other hand, services inflation slowed (3 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.2 percent, after gaining 0.3 percent in May.
Published on 2020-07-08

Russia Inflation Rate Slows to 3% in May
The annual inflation rate in Russia decreased to 3 percent in May of 2020 from 3.1 percent in the previous month and in line with market expectations. Prices slowed for food (3.3 percent vs 3.5 percent in April) and non-food inflation was steady (at 2.8 percent). On the other hand, cost of services advanced faster (3 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.3 percent, following a 0.8 percent gain in April.
Published on 2020-06-05

Russia Inflation Rate Climbs to 5-Month High
The annual inflation rate in Russia increased to 3.1 percent year-on-year in April of 2020 from 2.5 percent in the previous month and in line with market expectations. It was the highest inflation since November of 2019, with main upward pressure coming from both food (3.5 percent vs 2.2 percent) and non-food products (2.8 percent vs 2.5 percent) while services cots slowed (2.9 percent vs 3.0 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.6 percent gain in February and in line with expectations.
Published on 2020-05-07

Russia Inflation Rate Rises Less than Expected
The annual inflation rate in Russia increased to 2.5 percent year-on-year in March of 2020 from 2.3 percent in the previous month and below market expectations of 2.7 percent. It was the highest inflation since December of 2019, with main upward pressure coming from services (3 percent); non-food products (2.5 percent) and food products (2.2 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.3 percent gain in February and compared to forecasts of a 0.7 percent rise.
Published on 2020-04-06

Russia Inflation Rate Drops to 1-1/2-Year Low
Russia's inflation rate edged down to 2.3 percent year-on-year in February 2020 from 2.4 percent in the previous month, in line with market expectations. That was the lowest rate since June 2018. On a monthly basis, consumer prices increased 0.3 percent, also matching forecasts.
Published on 2020-03-06

Russia Inflation Rate Falls Below Expectations
Annual inflation rate in Russia decreased to 2.4 percent in January 2019 from 3.0 percent in the previous month and slightly below market expectations of 2.5 percent. It was the lowest inflation since June 2018, as cost slowed for non-food products (2.5 percent vs 3.0 percent in December), food (2.0 percent vs 2.6 percent) and services (2.8 percent vs 3.8 percent). The core inflation rate declined to 2.7 percent in January from 3.1 percent, its lowest since August 2018. On a monthly basis, consumer prices went up 0.4 percent, the same as in the prior month.
Published on 2020-02-06

Russia Inflation Confirmed at 1-1/2-Year Low
The inflation rate in Russia was confirmed at 3.0 percent in December 2019, the lowest since July 2018 and compared to the previous month's 3.5 percent. Food prices increased 2.6 percent (vs 3.7 percent in November), with upward pressure coming from butter (10.0 percent), bread and bakery products (6.3 percent), meat and poultry (0.2 percent), fish and seafood (5.2 percent), and milk and dairy products (6.1 percent). Also, non-food products cost rose 3.0 percent (vs 3.1 percent in November) while services prices advanced 3.8 percent (vs 3.9 percent in November). The core inflation rate dropped to 3.1 percent from 3.5 percent. On a monthly basis, consumer prices rose 0.4 percent, following a 0.3 percent gain in November.
Published on 2020-01-10