Russia's consumer prices increased 0.5 percent from a month earlier in November 2018, compared with a 0.4 percent gain in October and matching market consensus. There were rises in prices of both food (1 percent vs 0.6 percent in October) and non-food products (0.4 percent vs 0.5 percent) while services costs were unchanged (vs -0.1 percent in October). Inflation Rate Mom in Russia averaged 2.95 percent from 1992 until 2018, reaching an all time high of 100 percent in July of 1992 and a record low of -0.50 percent in August of 2017.
Inflation Rate Mom in Russia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Russia to stand at 0.40 in 12 months time. In the long-term, the Russia Inflation Rate MoM is projected to trend around 0.60 percent in 2020, according to our econometric models.