Russia Inflation Rate at 10-Month Low of 4%


The annual inflation rate in Russia decreased to 4 percent in September 2019 from 4.3 percent in the previous month and below market expectations of 4.1 percent. It was the lowest inflation rate since November 2018.

Year-on-year, cost slowed for both food (4.6 percent vs 5.0 percent in August) and non-food products (3.4 percent vs 3.5 percent) while services prices also eased (4.0 percent vs 4.4 percent). 

Annual core inflation rate edged down to a nine-month low of 4.0 percent in September from 4.3 percent in the previous month. 

On a monthly basis, consumer prices decreased 0.2 percent, the same as in the previous month and compared to market expectations of a 0.1 percent decrease. Food products cost continued to decline (-0.4 percent vs -0.9 percent) while services prices fell (-0.2 percent vs 0.2 percent). Meanwhile, inflation was steady for non-food items (at 0.2 percent). 

Russia Inflation Rate at 10-Month Low of 4%


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
10/4/2019 1:28:14 PM