Russia Inflation Rate Falls to New Record Low

Russia's consumer price inflation eased to 3 percent year-on-year in September 2017 from 3.3 percent in the previous month and below market expectations of 3.1 percent. It was the lowest inflation rate since the series began in 1991.

Prices rose at a slower pace for food and non-alcoholic beverages (1.6 percent from 2.3 percent in August); transport (3.9 percent from 4.2 percent); housing and utilities (4.4 percent from 4.5 percent); clothing and footwear (4.2 percent from 4.7 percent); furnishings and household equipment (1.7 percent from 1.9 percent); alcoholic beverages and tobacco (4.7 percent from 5.3 percent); hotels and restaurants (2.9 percent from 3.1 percent) and miscellaneous goods and services (2.6 percent from 2.9 percent).

Annual core inflation rate declined to 2.8 percent from 3 percent in the previous month.

On a monthly basis, consumer prices went down 0.1 percent, while markets were expecting a 0.1 percent gain.

Russia Inflation Rate Falls to New Record Low

Federal State Statistics Service | Joana Ferreira |
10/5/2017 2:23:15 PM