Russia Inflation Rate Steady At 4.1% In May

Consumer prices in Russia increased by 4.1 percent year-on-year in May 2017, at the same pace as in the previous month and in line with market expectations. Prices increased at a faster pace for food while slowed for housing and utilities, clothing and footwear and transport. On a monthly basis, prices went up 0.4 percent after advancing by 0.3 percent in April.

Prices rose at a slower pace for housing and utilities (5 percent from 5.1 percent in April); clothing and footwear (5.3 percent from 5.7 percent); transport (4.7 percent from 4.8 percent); furnishings and household equipment (2.5 percent from 2.8 percent); alcoholic beverages and tobacco (6.8 percent from 7 percent) and hotels and restaurants (3.6 percent from 3.7 percent). In contrast, food inflation accelerated (3.7 percent from 3.4 percent).

Annual core inflation rate declined to 3.8 percent from 4.1 percent in April.

On a monthly basis, prices went up 0.4 percent after rising by 0.3 percent in April, as prices increased for food (0.6 percent), services (0.4 percent) and non-food (0.2 percent).

Federal State Statistics Service | Yekaterina Guchshina |
6/6/2017 1:07:29 PM