Russia Inflation Picks Up to 7.5% in June


Consumer prices in Russia increased 7.5 percent year-on-year in June of 2016, following 7.3 percent growth in the previous month. It was the highest reading since February and above market expectations of 7.4 percent. Food, housing and transport prices growth accelerated while recreation and culture rose at a slower pace. On a monthly basis, prices went up by 0.4 percent.

Food and non-alcoholic beverages prices increased by 6.1 percent year-on-year in June (+5.3 percent in May); transport went up 6.7 percent (from +6.4 percent); housing and utilities cost rose 8.5 percent (from +8.4 percent); furnishings and household equipment 7.8 (from +7.7 percent);   

Prices grew at a slower pace for clothing and footwear (+9.6 percent from +9.7 percent in May); recreation and culture (+11.4 percent from +12.7 percent); alcoholic beverages and tobacco (+9.9 percent from +10.1  percent). 

Meanwhile, annual core inflation rate was steady at 7.5 percent.

On a monthly basis, consumer prices rose 0.4 percent, unchanged from the previous 2 months, led by higher prices of transportation (+1.1 percent), housing and utilities (+0.1 percent), clothing (+0.3 percent) and furnishings (+0.43 percent)

 Russia Inflation Picks Up to 7.5% in June


Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/4/2016 2:16:34 PM