Federación Rusa Tasa De Inflación

The annual inflation rate in Russia sped up to a one-year high of 7.7% in February 2024, slightly exceeding market forecasts of 7.6% and moving further away from the central bank's target of 4%. Upward pressure came from prices of services (8.5% vs 8.1% in January); food (8.1%, the same as in January) and non-food products (6.6% vs 6.2%). Concurrently, the core inflation rate rose to 7.6% in February, the highest in a year, from 6.8% in the prior month. On a monthly basis, consumer prices increased by 0.7%, following a 0.9% rise in the prior month. Prices slowed a bit for food (0.8% vs 1.3%) and non-food products (0.3% vs 0.5%), but rose faster for services (1.1% vs 0.8%).