Russia April Inflation Rate Weaker than Expected

Russia's consumer price inflation stood at 2.4 percent year-on-year in April 2018, unchanged from the previous month's figure and below market expectations of 2.5 percent. Inflation remained well below the central bank's target of 4 percent.

Within the goods component, food inflation eased to 1.1 percent in April from 1.3 percent in the previous month; while prices of non-food products rose by 2.7 percent, faster than a 2.4 percent gain in March. Also, cost of services went up by 4 percent in April, after a 3.9 percent increase in the precedent period.

Annual core inflation rate picked up to 1.9 percent in April from an all-time low of 1.8 percent in March.

On a monthly basis, consumer prices increased by 0.4 percent, following a 0.3 percent gain in March and matching market expectations. Inflation rose for both non-food products (0.4 percent vs 0.2 percent) and services (0.3 percent vs 0.1 percent), while food prices rose at a softer rate (0.4 percent vs 0.5 percent).

Russia April Inflation Rate Weaker than Expected

Federal State Statistics Service | Joana Ferreira |
5/4/2018 1:10:39 PM