Russia Inflation Rate Rises Further in June


Russian annual consumer prices accelerated for the fifth straight month in June to its highest since August of 2011. The inflation rate rose to 7.8 percent, following a 7.6 percent increase in the previous month, driven by higher food and utility cost.

Year-on-year, alcoholic beverages and tobacco rose the most (15 percent), followed electricity, gas and other fuels (11.7 percent). Food cost increased 9.5 percent, following a 9.2 percent increase in May, while health prices grew 8.8 percent. 

On a monthly basis, the inflation rate slowed to 0.6 percent in June from 0.9 percent in May. Food prices rose 0.7 percent, much lower than May’s 1.5 percent increase. Non-food prices eased 0.1 percent while cost of services increased at a faster 0.9 percent.

Russia Inflation Rate Rises Further in June


Joana Taborda | joana.taborda@tradingeconomics.com
7/4/2014 1:20:18 PM