Inflation in Russia

Annual inflation in Russia down to 11.94% in December

Annual inflation in Russia down to 11.94% in December

Annual inflation in Russia geared down to 11.94% in December 2022 from 11.98% in November; consumer prices gained 0.78% last December in monthly terms, the Federal Statistics Service (Rosstat) reported on Friday. Over the past month, …

Inflation in Russia totals 11.9% in 2022

Inflation in Russia totals 11.9% in 2022

Inflation in Russia totaled 11.9% last year, which is below the projected level, Economic Development Minister Maxim Reshetnikov said at a government meeting headed by President Vladimir Putin on Wednesday. "Inflation [in Russia] …

Inflation in Russia in 2023 likely to be lower than forecast

Inflation in Russia in 2023 likely to be lower than forecast

Inflation in Russia in 2023 is likely to be below the forecast of 5%, First Deputy Prime Minister Andrey Belousov said on Tuesday. "Our forecast for next year is somewhere around 5-6%, 5.5%. I think that, most likely, it will be …

Russian Finance Ministry expects low inflation in 1H 2023

Russian Finance Ministry expects low inflation in 1H 2023

Inflation in Russia in the first half of 2023 will be at a low level, Finance Minister Anton Siluanov told reporters on Tuesday. "Inflation is declining. In the first half of next year, it will definitely be at a low level," …

Annual inflation slowing down to 11.98% in November

Annual inflation slowing down to 11.98% in November

Annual inflation in Russia geared down to 11.98% in November 2022, the Central Bank says on Monday. "Consumer prices hiked by 0.37% in November - by 0.26% with the seasonal adjustment. The incremental growth of prices against …

Russia’s annual inflation down to 12.3%

Russia’s annual inflation down to 12.3%

Annual inflation in Russia geared down to 12.3% from November 15 to 21 from 12.4% a week earlier, the Ministry of Economic Development says in its price review. "The rise in the prices in the food segment accelerated to 0.14% on …

Russia’s annual inflation drops to 12.52%

Russia’s annual inflation drops to 12.52%

Annual inflation in Russia declined to 12.52% as of November 7, the Ministry of Economic Development says in its price review. "Price growth rates continued going down in annual terms and stood at 12.52% year-on-year as of November …

Russia's inflation will be 12-12.4% by year-end

Russia's inflation will be 12-12.4% by year-end

Inflation in Russia will not be above 12-12.4% by the year-end, Minister of Economic Development Maxim Reshetnikov said on Tuesday at the meeting held by President Vladimir Putin. "It will be definitely not above 12.4%. The range …

Russians' inflationary expectations edge up in October

Russians' inflationary expectations edge up in October

Inflationary expectations for the year ahead among Russian households rose in October to 12.8% from 12.5% in September, the central bank said in a report on Tuesday, just days before it is due to make a decision on its key interest rate. …

Russia’s annual inflation down to 13.49%

Russia’s annual inflation down to 13.49%

Annual inflation in Russia slowed down to 13.49% from September 27 to August 3 from 13.71% a week earlier, the Russian Ministry of Economic Development says in its price review. "The moderate price increase was registered over the …

Putin: inflation in Russia to total around 12% in 2022

Putin: inflation in Russia to total around 12% in 2022

Inflation in Russia will total around 12% in 2022, Russian President Vladimir Putin said at a meeting on economic issues. "There is every reason to expect that inflation will total around 12% this year," Putin said. …

Russian annual inflation to slow in coming months

Russian annual inflation to slow in coming months

Russia’s consumer inflation will continue slowing in annual terms in coming months but a recovery in consumer demand amid higher lending activity and budget spending will increase inflationary pressure, central bank analysts said on …

Russia's annual inflation slows to 14.31%

Russia's annual inflation slows to 14.31%

Inflation in Russia on August 23-29 slowed to 14.31% in annual terms against 14.6% a week earlier, according to the Ministry of Economic Development. "For the week from August 23 to August 29, deflation was 0.16% after 0.15% for …

Russia’s annual inflation down to 14.87%

Russia’s annual inflation down to 14.87%

Annual inflation in Russia slowed down to 14.87% from August 9 to 15 from 15.01% a week earlier, the Ministry of Economic Development says in its price review. "The price drop continued over the week from August 9 to 15, 2022 and …

Russia’s annual inflation slowing down to 15.3%

Russia’s annual inflation slowing down to 15.3%

Annual inflation in Russia geared down to 15.3% from July 16 to 22, compared to 15.39% a week earlier, the Ministry of Economic Development says in its price review. "The price drop continued over the week from July 16 to 22, 2022 …

Russia’s annual inflation slowing down to 16.19%

Russia’s annual inflation slowing down to 16.19%

Annual inflation in Russia geared down to 16.19% from June 25 to July 1, compared to 16.22% a week earlier, the Ministry of Economic Development says in its price review. "Prices accelerated over the week from June 25 to July 1, …

Russian inflation slows to 17.1% in May

Russian inflation slows to 17.1% in May

Consumer inflation in Russia slowed to 17.10% in year-on-year terms in May from 17.83% in April, which was its highest level since January 2002, data showed on Wednesday, days before the central bank's rate-setting meeting. The …

Russia's weekly inflation at zero as rates meeting looms

Russia's weekly inflation at zero as rates meeting looms

Russia recorded flat consumer prices after modest deflation the week before, data showed on Wednesday, ahead of the central bank’s rate-setting meeting scheduled for June 10. Weekly inflation spiked to 2.22% in early March, but …