Russia Inflation Rate At New 4-1/2-Year Low Of 5%


Consumer prices in Russia increased 5 percent year-on-year in January of 2017, following 5.4 percent rise in the previous month and below market expectations of 5.1 percent. It was the lowest inflation rate since June 2012, as prices increased at a slower pace for food; clothing and footwear; furnishings and household equipment and recreation and cultural activities. On a monthly basis, prices went up 0.6 percent, compared to 0.4 percent rise in December.

Prices rose at a slower pace for food (3.9 percent from 4.2 percent in December); clothing and footwear (7 percent from 7.4 percent); recreation and culture (2.2 percent from 4.1 percent); furnishings and household equipment (4.7 percent from 5.3 percent); and alcoholic beverages and tobacco (8.5 percent from 8.6 percent). Meanwhile, transport inflation rate accelerated to 6.1 percent from 5.6 percent and housing and utilities edged up to 5.3 percent from 5.2 percent.

Annual core inflation rate declined to 5.5 percent from 6 percent in December.

On a monthly basis, prices went up 0.6 percent. Main upward pressure came from: food (1 percent); housing and utilities (0.4 percent); transport (1.1 percent); and alcoholic beverages and tobacco (0.6 percent). 

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/6/2017 2:22:54 PM