Russia Inflation Rate at 2-1/2-Year Low of 6.4%

Consumer prices in Russia increased 6.4 percent year-on-year in September of 2016, following 6.9 percent growth in the previous month and below market expectations of 6.6 percent. It was the lowest inflation rate since February 2014, as food, housing and utilities, clothing and footwear, transport prices rose at a slower pace. On a monthly basis, prices went up 0.2 percent.

Prices grew at a slower pace for food (+5.8 percent from +6.4 percent in August); housing and utilities (+5.4 percent from +5.6 percent); clothing and footwear (+8.7 percent from +9.2 percent); recreation and culture (+6.7 percent from +6.8 percent); furnishings and household equipment (+6.6 percent from +7.3 percent); transport (+6.1 percent from +6.4 percent); restaurants and hotels (+5.7 percent from +5.9 percent) and alcoholic beverages and tobacco  (+9.3 percent from +9.5 percent)

Annual core inflation rate declined to 6.7 percent from 7.4 percent in August.

On a monthly basis, consumer prices rose 0.2 percent, after being flat in the previous month. A drop in food prices (-0.3 percent) was offset by increases for housing and utilities (+0.1 percent); clothing (+1.1 percent); furnishings (+0.3 percent); restaurants and hotels (+0.5 percent); education (+4.8 percent) and alcoholic beverages and tobacco (+0.7 percent). 

Russia Inflation Rate at 2-1/2-Year Low of 6.4%

Federal State Statistics Service | Yekaterina Guchshina |
10/4/2016 1:16:55 PM