The annual inflation rate in Russia decreased to 4.3 percent in August of 2019 from 4.6 percent in the previous month and below market expectations of 4.4 percent. It was the lowest inflation rate since December 2018, amid declines in food prices. Inflation Rate in Russia averaged 120.26 percent from 1991 until 2019, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January of 2018.

Inflation Rate in Russia is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Russia to stand at 3.00 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Russia Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-06 01:00 PM Inflation Rate YoY May 5.1% 5.2% 5.1% 5.2%
2019-07-08 01:00 PM Inflation Rate YoY Jun 4.7% 5.1% 4.8% 4.9%
2019-08-06 01:00 PM Inflation Rate YoY Jul 4.6% 4.7% 4.6% 4.5%
2019-09-05 01:00 PM Inflation Rate YoY Aug 4.3% 4.6% 4.4% 4.6%
2019-10-04 01:00 PM Inflation Rate YoY Sep 4.3% 4.3%
2019-11-06 01:00 PM Inflation Rate YoY Oct 4.4%
2019-12-06 01:00 PM Inflation Rate YoY Nov 4.2%



Russia Inflation Rate Slows to 8-Month Low

The annual inflation rate in Russia decreased to 4.3 percent in August of 2019 from 4.6 percent in the previous month and below market expectations of 4.4 percent. It was the lowest inflation rate since December 2018, amid declines in food prices.

Yea-on-year, cost slowed for both food (5.0 percent vs 5.5 percent in July) and non-food products (3.5 percent vs 3.6 percent) while services prices also eased (4.4 percent vs 4.5 percent). 

Annual core inflation rate edged down to a seven-month low of 4.3 percent in August from 4.5 percent in the previous month. 

On a monthly basis, consumer prices decreased 0.2 percent, from a flat reading in July and in line with market expectations. Food products cost declined further (-0.9 percent vs -0.3 percent) while services prices advanced at a softer pace (0.2 percent vs 0.9 percent). Meanwhile, inflation was steady for non-food items (at 0.2 percent). 


Federal State Statistics Service | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
9/5/2019 1:17:36 PM



Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 4.30 4.60 2333.30 2.20 percent [+]
Inflation Rate Mom -0.20 0.20 100.00 -0.50 percent [+]
Consumer Price Index CPI 588.90 590.10 590.10 0.10 Index Points [+]
Core Consumer Prices 100.20 100.20 103.50 100.10 Index Points [+]
Core Inflation Rate 4.30 4.50 17.50 1.80 percent [+]
GDP Deflator 119.93 121.22 121.34 43.41 Index Points [+]
Producer Prices 675.10 693.80 722.40 0.00 Index Points [+]
Producer Prices Change 0.30 1.10 33.70 -12.30 percent [+]
Food Inflation 5.60 6.30 26.10 -0.60 percent [+]


Russia Inflation Rate

In Russia, the most important categories in the consumer price index are food and non-alcoholic beverages (30 percent of the total weight) and transport (14 percent). The index also includes: clothing and footwear (11 percent); housing, water, electricity, gas and other fuels (11 percent); recreation and cultural activities (6 percent), alcoholic beverages and tobacco products (6 percent) and household appliances (6 percent). Health, communication, education, hotels, restaurants and other goods and services account for the remaining 16 percent of total weight. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.60 2333.30 2.20 1991 - 2019 percent Monthly




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


Related

Latest