Russia Inflation Rate Falls Further to Lowest on Record

Russia's consumer price inflation declined to 2.7 percent year-on-year in October 2017 from 3 percent in the previous month and below market expectations of 2.8 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 (1.2 percent from 1.6 percent in September); housing and utilities (4.3 percent from 4.4 percent); clothing and footwear (3.8 percent from 4.2 percent); furnishings and household equipment (1.6 percent from 1.7 percent); alcoholic beverages and tobacco (4.5 percent from 4.7 percent); hotels and restaurants (2.7 percent from 2.9 percent) and miscellaneous goods and services (2.3 percent from 2.6 percent). Meanwhile, transport inflation edged up to 4 percent from 3.9 percent in September.

Annual core inflation rate dropped to 2.5 percent from 2.8 percent in the previous month.

On a monthly basis, consumer prices rose 0.2 percent after a 0.1 percent fall in September, while markets were expecting a 0.3 percent gain.

Russia Inflation Rate Falls Further to Lowest on Record

Federal State Statistics Service | Joana Ferreira |
11/7/2017 1:17:13 PM