Russia's consumer prices rose 0.3 percent from a month earlier in March 2019, after a 0.4 percent gain in February and missing market consensus of 0.4 percent. Upward pressure came from all main categories: food (0.5 percent vs 0.8 percent); non-food products (0.3 percent, the same as in February); and services (0.1 percent vs 0.2 percent). Inflation Rate Mom in Russia averaged 2.92 percent from 1992 until 2019, reaching an all time high of 100 percent in July of 1992 and a record low of -0.50 percent in August of 2017.
Inflation Rate Mom in Russia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Russia to stand at 0.50 in 12 months time. In the long-term, the Russia Inflation Rate MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.