You searched for "deflation" (2 results found)

Deflation Possible in August, Russian Economy Ministry Predicts

  • 8 Aug 12:01

The Russian economy is very likely to experience monthly deflation in August, but consumer prices will be up 4.4-4.5% in year-on-year terms, the economy ministry said on Wednesday,accordingtoReuters.Deflation may come at 0.2-0.0% due to falling prices for vegetables and fruit, the ministry said. Annual inflation in Russia slowed down in July 2019 to 4.58% after 4.66% in June, the Economic Development Ministry said in a report on Wednesday. “In July 2019, annual inflation continued to slow down — to 4.58% after 4.66% a month earlier,” the report stated. An increase in consumer prices was mainly driven by adjustment of tariffs on housing and public. Read more...

The first glimpse of deflation in five years

  • 10 Jan 10:47

For the first time in the past five years, Russia enjoyed a brief moment of minor deflation in 2016. During the first week of August, consumer prices decreased by 0.1 percent. The previous occurrence was registered in September 2011. To compare, the 2015 inflation level in Russia stood at 12.9 percent. The easing of inflation pressure on the Russian economy is good news. All other factors being equal, it is expected to speed up the process of bringing the overall inflation level down to 4 percentin 2017. This target was originally identified by the Central Bank of Russia in late 2014, when it intentionally stopped keeping the ruble. Read more...