Russia Inflation Rate at Near 1-Year Low
Russia's annual inflation fell further to 3.8 percent in October 2019 from 4.0 percent in the previous month, in line with market expectations. That was the lowest rate since November 2018, as prices rose at a softer pace for goods and services.
11/6/2019 1:26:18 PM
Food prices increased 4.2 percent in October, compared to 4.6 percent in September, with upward pressure coming from fruits and vegetables (3.4 percent), bread and bakery products (7.7 percent), meat and poultry (3.0 percent), fish and seafood (5.2 percent), and milk and dairy products (6.4 percent). Also, non-food products cost rose 3.2 percent (vs 3.4 percent in September) and services prices advanced 3.8 percent (vs 4.0 percent in September).
Annual core inflation rate eased to 3.7 percent in October, the lowest since December 2018.
On a monthly basis, consumer prices edged up 0.1 percent, recovering from a 0.2 percent drop in September and compared to market expectations of a 0.2 percent gain. Food prices rebounded (0.2 percent vs -0.4 percent) and non-food costs continued to rise (0.3 percent vs 0.2 percent), while services prices fell 0.2 percent for the second consecutive month.