Russia Inflation Rate Slows to 2.3% in June



Russia's annual inflation rate edged down to 2.3 percent in June 2018 from 2.4 percent in the previous month, still above market expectations of 2.2 percent.

Within the goods component, food cost dropped 0.2 percent in June, following a 0.4 percent rise in May; while prices of non-food products rose by 3.7 percent, faster than a 3.4 percent gain in the previous month. Also, services inflation went up to 4.1 percent in June from 4 percent in May.

Annual core inflation rate picked up to 2.3 percent in June from 2 percent in the previous period.

On a monthly basis, consumer prices increased by 0.5 percent in June, following a 0.4 percent advance in May and beating market expectations of 0.4 percent. Inflation rose for both food (0.4 percent vs -0.1 percent) and services (0.7 percent vs 0.4 percent), while non-food prices increased at a softer pace (0.4 percent vs 0.9 percent).

Russia Inflation Rate Slows to 2.3% in June


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/6/2018 1:18:51 PM