Russian Inflation Rate Edges Down in September

Consumer prices in Russia increased by 15.7 percent year-on-year in September of 2015, slightly down from a 15.8 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace.

Year-on-year, cost of food and non-alcoholic beverages increased by 19.1 percent (+20 percent in August), marking the lowest growth rate since January this year; prices of transportation went up by 12.3 percent (+17.9 percent in August); and cost of housing and utilities rose by 12.9 percent (+13.3 percent in August). Additional upward pressure came from: Clothing and footwear (+12.3 percent); recreation and culture (+22.5 percent); alcoholic beverages and tobacco (+13 percent); and furnishings and household equipment (+18.5 percent).

Meanwhile, annual core inflation rate remained steady at 16.6 percent in September.

On a monthly basis, inflation went up to 0.6 percent, from 0.4 percent in the previous month, boosted by higher prices of food (+0.4 percent), transportation (+0.2 percent), housing and utilities (+0.3 percent), clothing (+1.5 percent), alcoholic beverages and tobacco (+0.8 percent) and furnishings (+1 percent). By contrast, cost of leisure activities dropped slightly (-0.1 percent).

Russian Inflation Rate Edges Down in September

Joana Ferreira |
10/5/2015 2:40:16 PM