Russia Inflation Rate At 5-Year Low Of 4.1%


Consumer prices in Russia increased by 4.1 percent year-on-year in April 2017, easing from a 4.3 percent rise in the previous month and below market expectations of 4.2 percent. It was the lowest inflation rate since May 2012, as prices increased at a slower pace for housing and utilities, clothing and footwear and transport. On a monthly basis, prices went up 0.3 percent after advancing by 0.1 percent in March.

Prices rose at a slower pace for housing and utilities (5.1 percent from 5.2 percent in March); clothing and footwear (5.7 percent from 6.1 percent); transport (4.8 percent from 5.2 percent); furnishings and household equipment (2.8 percent from 3.3 percent); alcoholic beverages and tobacco (7 percent from 7.6 percent) and hotels and restaurants (3.7 percent from 3.9 percent). In contrast, food inflation accelerated (3.4 percent from 3.1 percent).

Annual core inflation rate declined to 4.1 percent from 4.5 percent in March.

On a monthly basis, prices went up 0.3 percent after rising by 0.1 percent in March, as prices rose at a faster pace for food (0.6 percent from 0.1 percent) and services (0.2 percent from 0 percent).

Russia Inflation Rate At 5-Year Low Of 4.1%


Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/5/2017 12:49:15 PM