Russian Inflation Rate Unchanged in May


Russia's annual inflation rate came in at 2.4 percent in May 2018, unchanged from the previous month's reading and slightly below market expectations of 2.5 percent.

Within the goods component, food inflation eased further to 0.4 percent in May from 1.1 percent in the previous month; while prices of non-food products rose by 3.4 percent, faster than a 2.7 percent gain in April. Also, cost of services went up by 4 percent in May, the same pace as in the precedent period.

Annual core inflation rate picked up to 2 percent in May from 1.9 percent in April.

On a monthly basis, consumer prices increased by 0.4 percent in May, the same pace as in April and matching market expectations. Inflation rose for both non-food products (0.9 percent vs 0.4 percent) and services (0.4 percent vs 0.3 percent), while food prices dropped slightly (-0.1 percent vs 0.4 percent).

Russian Inflation Rate Unchanged in May


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/5/2018 1:12:00 PM