Federación Rusa Tasa De Inflación

The annual inflation rate in Russia fell for the second month to 8.5% in October 2024, the lowest since May, down slightly from 8.6% in September. Analysts had expected it to remain steady at 8.6%. Still, inflation stands well above the CBR’s target of 4%. Price growth slowed marginally for food (9% vs 9.2% in September), of which fruit and vegetables (13.5% vs 14%) and non-food products (6.5% vs 6.6%), while service prices accelerated (9.7% vs 9.5%). On a monthly basis, consumer prices rose by 0.8% in October, up from 0.5% in the prior month but slightly below market estimates of a 0.9% increase.