The annual inflation rate in Russia decreased to 4.7 percent in June of 2019 from 5.1 percent in the previous month and below market expectations of 4.8 percent. It was the lowest inflation rate since December, as cost slowed for food, non-food products and services. Inflation Rate in Russia averaged 120.96 percent from 1991 until 2019, 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 4.50 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 4.10 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.

Russia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-05 01:00 PM Inflation Rate YoY Mar 5.3% 5.2% 5.4% 5.4%
2019-05-07 01:00 PM Inflation Rate YoY Apr 5.2% 5.3% 5.2% 5.3%
2019-06-06 01:00 PM Inflation Rate YoY May 5.1% 5.2% 5.1% 5.2%
2019-07-08 01:00 PM Inflation Rate YoY Jun 4.7% 5.1% 4.8% 4.9%
2019-08-06 01:00 PM Inflation Rate YoY Jul 4.7% 4.7%
2019-09-05 01:00 PM Inflation Rate YoY Aug 4.7%
2019-10-04 01:00 PM Inflation Rate YoY Sep 4.5%



Russia Inflation Rate Slows to 6-Month Low of 4.7% in June

The annual inflation rate in Russia decreased to 4.7 percent in June of 2019 from 5.1 percent in the previous month and below market expectations of 4.8 percent. It was the lowest inflation rate since December, as cost slowed for food, non-food products and services.

Within the goods component, non-food products prices advanced 3.5 percent, easing from a 3.8 percent rise in the previous month and food cost jumped 5.5 percent, slowing from a 6.4 percent gain in May. In addition, services inflation decreased to 4.9 percent from 5.1 percent in the prior month. 

Annual core inflation rate edged down to 4.6 percent in June from 4.7 percent in the previous month. 

On a monthly basis, consumer prices showed no growth, after a 0.3 percent increase in the previous month and compared with market consensus of a 0.1 percent gain. Inflation was steady for non-food products (0.2 percent, the same as in May) and cost of food fell (-0.5 percent from 0.4 percent) while prices went up faster for services (0.6 percent from 0.4 percent).


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
7/8/2019 1:37:48 PM


News

Russia Inflation Rate Slows to 4-Month Low of 5.1%
The annual inflation rate in Russia edged down to 5.1 percent in May of 2019 from 5.2 percent in the previous month and in line with market expectations. It was the lowest inflation rate since January, mainly due to lower prices of non-food products.
Published on 2019-06-06

Russia Inflation Rate Slows to 5.2% in April
The annual inflation rate in Russia decreased to 5.2 percent in April of 2019 from 5.3 percent in the previous month and in line with market expectations.
Published on 2019-05-07

Russia Inflation Rate Hits New 2-Year High
Russia’s consumer price inflation increased to 5.3 percent year-on-year in March 2019, the highest since December 2016, from 5.2 percent in the previous month and slightly below market expectations of 5.4 percent.
Published on 2019-04-05

Russia Inflation Rate Rises to Over 2-Year High as Expected
The annual inflation rate in Russia increased to 5.2 percent in February of 2019 from 5 percent in the previous month, in line with market expectations. It was the highest inflation rate since December of 2016, boosted by prices of food, non-food products and services. In January of 2019, the government raised VAT to 20 percent from 18 percent.
Published on 2019-03-06



Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 4.70 5.10 2333.30 2.20 percent [+]
Inflation Rate Mom 0.00 0.30 100.00 -0.50 percent [+]
Consumer Price Index CPI 588.70 588.50 588.70 0.10 Index Points [+]
Core Consumer Prices 100.20 100.30 103.50 100.10 Index Points [+]
Core Inflation Rate 4.60 4.70 17.50 1.80 percent [+]
GDP Deflator 121.22 120.09 121.34 43.41 Index Points [+]
Producer Prices 693.80 698.00 722.40 0.00 Index Points [+]
Producer Prices Change 4.10 8.60 33.70 -12.30 percent [+]
Food Inflation 6.20 7.30 26.10 -0.60 percent [+]


Russia Inflation Rate

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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 5.10 2333.30 2.20 1991 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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