Russia Inflation Rate Slows To New 4-1/2-Year Low


Consumer prices in Russia increased by 4.6 percent year-on-year in February 2017, easing from a 5 percent rise in the previous month and below market expectations of a 4.7 percent gain. It was the lowest inflation rate since June 2012. On a monthly basis, prices went up 0.2 percent after advancing by 0.6 percent in January.

Prices rose at a slower pace for food (3.3 percent from 3.9 percent in January); clothing and footwear (6.6 percent from 7 percent); recreation and culture (1.1 percent from 2.2 percent); furnishings and household equipment (3.9 percent from 4.7 percent); and alcoholic beverages and tobacco (8 percent from 8.5 percent). Meanwhile, inflation was steady for transport (at 6.1 percent).

Annual core inflation rate declined to 5 percent from 5.5 percent in January.

On a monthly basis, prices went up 0.2 percent after rising by 0.6 percent in January, as prices rose at a slower pace for food (0.2 percent from 0.9 percent), non-food items (0.2 percent from 0.5 percent) and services (0.3 percent from 0.5 percent). 

Russia Inflation Rate Slows To New 4-1/2-Year Low


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/7/2017 1:25:54 PM