Inflation Continues to Heat Up
Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2019. No. 1, pp. 5-7
3 Pages Posted: 17 Feb 2019
Date Written: February 6, 2019
Inflation in Russia stood at 4.3% at 2018 year end, posting an increase of 0.3 percentage points over the central bank’s target inflation rate and of 0.1 percentage points over its preliminary forecast. Early 2019 saw prices continue to heat up: consumer prices and services rose 0.7% in the first two weeks of January (versus 0.3% in January 2018). Given the recent trends, the 2019 year-end inflation is expected to vary within a range of 5.0% to 5.5%, but it is not until 2020 that inflation is expected to decline back to the 4% target.
Keywords: Russian Economy, Inflation
JEL Classification: E31, E44, E52
Suggested Citation: Suggested Citation