Russia Inflation Rate

Russia’s consumer price inflation increased to 4.3 percent year-on-year in December 2018 from 3.8 percent in the previous month, slightly above market expectations of 4.2 percent. It was the highest inflation rate since June 2017 on the back of rising prices of food and services while non-food inflation eased. Inflation Rate in Russia averaged 122.74 percent from 1991 until 2018, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January of 2018.

Inflation Rate in Russia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Russia to stand at 5.00 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-10-05	01:00 PM	Inflation Rate YoY	3.4%	3.1%	3.3%	3.2%
2018-11-06	01:00 PM	Inflation Rate YoY	3.5%	3.4%	3.6%	3.5%
2018-12-06	01:00 PM	Inflation Rate YoY	3.8%	3.5%	3.9%	3.8%
2019-01-10	01:00 PM	Inflation Rate YoY	4.3%	3.8%	4.2%	4%
2019-02-06	01:00 PM	Inflation Rate YoY		4.3%		4.8%
2019-03-06	01:00 PM	Inflation Rate YoY				5.1%
2019-04-05	01:00 PM	Inflation Rate YoY				5.5%

Russia Inflation Rises Above Forecasts to 18-Month High

Russia’s consumer price inflation increased to 4.3 percent year-on-year in December 2018 from 3.8 percent in the previous month, slightly above market expectations of 4.2 percent. It was the highest inflation rate since June 2017 on the back of rising prices of food and services while non-food inflation eased.

Within the goods component, food cost advanced 4.7 percent in December, following a 3.5 percent rise in November and prices of non-food products rose 4.1 percent, after a 4.2 percent gain in the previous month. Also, services inflation picked up to 3.9 percent in December from 3.8 percent in November.

Annual core inflation rate climbed to 3.7 percent in December from 3.4 percent in the previous month. It was the highest rate since May 2017.

On a monthly basis, consumer prices increased 0.8 percent in December, compared with a 0.5 percent gain in November and also beating market consensus of 0.7 percent. Upward pressure came from all main categories: food (1.7 percent vs 1 percent): services (0.4 percent vs unchanged); and non-food products (0.2 percent vs 0.4 percent).

Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/10/2019 1:23:19 PM

News

Russia Inflation Rate Rises to Near 1-1/2-Year High
Russia’s annual inflation rate rose to 3.8 percent in November 2018 from 3.5 percent in the previous month, still below market expectations of 3.9 percent. It was the highest inflation rate since July 2017 on the back of rising prices of food and non-food products while service inflation eased.
Published on 2018-12-06

Russia Inflation Rate Climbs to 15-Month High
Russia’s annual inflation rate rose to 3.5 percent in October 2018 from 3.4 percent in the previous month, still below market expectations of 3.6 percent. It was the highest inflation rate since July 2017 boosted by prices of food, non-food products and services.
Published on 2018-11-06

Russia Inflation Rate Rises More than Expected
Russia’s annual inflation rate rose to 3.4 percent in September of 2018 from 3.1 percent in the previous month, slightly above market expectations of 3.3 percent. It was the highest inflation rate since July of 2017, mainly due to food prices.
Published on 2018-10-05

Russia Inflation Rate at 1-Year High of 3.1%
Russia’s annual inflation rate rose to 3.1 percent in August of 2018 from 2.5 percent in the previous month, slightly below market expectations of 3.2 percent. It was the highest inflation rate since August of 2017, mainly due to food prices.
Published on 2018-09-05

Russia Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	4.30	3.80	2333.30	2.20	percent	[+]
Inflation Rate Mom	0.80	0.50	100.00	-0.50	percent	[+]
Consumer Price Index CPI	574.60	570.00	574.60	0.10	Index Points	[+]
Core Consumer Prices	100.50	100.40	103.50	100.10	Index Points	[+]
Core Inflation Rate	3.70	3.40	17.50	1.80	percent	[+]
GDP Deflator	116.84	114.61	121.34	43.41	Index Points	[+]
Producer Prices	722.40	717.40	722.40	0.00	Index Points	[+]
Producer Prices Change	16.80	16.90	33.70	-12.30	percent	[+]
Food Inflation	3.90	3.00	26.10	-0.60	percent	[+]

In Russia, the most important categories in the consumer price index are food and non-alcoholic beverages (30 percent of the total weight) and transport (14 percent). The index also includes: clothing and footwear (11 percent); housing, water, electricity, gas and other fuels (11 percent); recreation and cultural activities (6 percent), alcoholic beverages and tobacco products (6 percent) and household appliances (6 percent). Health, communication, education, hotels, restaurants and other goods and services account for the remaining 16 percent of total weight. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.30	3.80	2333.30	2.20	1991 - 2018	percent	Monthly

Export Data API

Country	Last		Previous	Range
Argentina	47.10	Dec/18	48	20263 : -7	%
Australia	1.90	Sep/18	2.1	23.9 : -1.3	%
Brazil	3.75	Dec/18	4.05	6821 : 1.65	%
Canada	2.00	Dec/18	1.7	21.6 : -17.8	%
China	1.90	Dec/18	2.2	28.4 : -2.2	%
Euro Area	1.60	Dec/18	1.9	5 : -0.7	%
France	1.60	Dec/18	1.9	18.8 : -0.7	%
Germany	1.70	Dec/18	2.3	11.54 : -7.62	%
India	2.19	Dec/18	2.33	12.17 : 1.54	%
Indonesia	3.13	Dec/18	3.23	82.4 : -1.17	%
Italy	1.10	Dec/18	1.6	25.64 : -0.6	%
Japan	0.30	Dec/18	0.8	24.9 : -2.5	%
Mexico	4.83	Dec/18	4.72	180 : 2.13	%
Netherlands	2.00	Dec/18	2	11.19 : -1.3	%
Russia	4.30	Dec/18	3.8	2333 : 2.2	%
Saudi Arabia	2.80	Nov/18	2.4	11.1 : -2	%
Singapore	0.30	Nov/18	0.7	34 : -3.1	%
South Africa	5.20	Nov/18	5.1	20.7 : 0.2	%
South Korea	1.30	Dec/18	2	32.5 : 0.2	%
Spain	1.20	Dec/18	1.7	28.43 : -1.37	%
Switzerland	0.70	Dec/18	0.9	11.92 : -1.4	%
Turkey	20.30	Dec/18	21.62	139 : -4.01	%
United Kingdom	2.10	Dec/18	2.3	8.5 : -0.1	%
United States	1.90	Dec/18	2.2	23.7 : -15.8	%