Russia Inflation Rate At 4-Month High Of 4.4% In June


Consumer prices in Russia increased by 4.4 percent year-on-year in June 2017, following 4.1 percent in the previous month and above market expectations of 4.3 percent. It was the highest inflation rate since February, as prices increased at a faster pace for food. On a monthly basis, prices went up 0.6 percent after advancing by 0.4 percent in May.

Food inflation accelerated to 4.9 percent from 3.7 percent in the previous month.

In contrast, prices rose at a slower pace for housing and utilities (4.9 percent from 5 percent in May); clothing and footwear (5.1 percent from 5.3 percent); transport (4.6 percent from 4.7 percent); furnishings and household equipment (2.2 percent from 2.5 percent); alcoholic beverages and tobacco (6.2 percent from 6.8 percent) and hotels and restaurants (3.6 percent from 3.6 percent). In contrast, food inflation accelerated (3.7 percent from 3.4 percent).

Annual core inflation rate declined to 3.5 percent from 3.8 percent in May.

On a monthly basis, prices went up 0.6 percent after rising by 0.4 percent in May, as prices increased for food (1 percent, mainly fruits and vegetables (8.3 percent)), services (0.7 percent) and non-food (0.1 percent).

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/6/2017 1:08:38 PM