Russia Inflation Rate Slows to 4-Month Low of 5.1%


The annual inflation rate in Russia edged down to 5.1 percent in May of 2019 from 5.2 percent in the previous month and in line with market expectations. It was the lowest inflation rate since January, mainly due to lower prices of non-food products.

Within the goods component, non-food products prices advanced 3.8 percent, easing from a 4.5 percent rise in the previous month while food cost jumped 6.4 percent, accelerating from a 5.9 percent gain in April. Also, services inflation went up to 5.1 percent from 5 percent in the prior month. 

Annual core inflation rate climbed to 4.7 percent in May from 4.6 percent in the previous month. It was the highest rate since February of 2017.

On a monthly basis, consumer prices went up 0.3 percent, the same as in the previous month and matching market consensus. Upward pressure came from all main categories: food (0.4 percent, the same as in April); non-food products (0.2 percent, the same as in April); and services (0.4 percent from 0.2 percent).

Russia Inflation Rate Slows to 4-Month Low of 5.1%


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
6/6/2019 1:25:29 PM