Information on the dynamics of changes in the consumer prices and tariffs.
October 2018.

In October 2018, the increase in consumer prices totaled 4.9% in annual terms

In October against September 2018, consumer prices grew by 0.5%.

Growth of consumer prices
(% to the corresponding month of the previous year)

Dynamics of consumer prices
(on a year-on-year basis)

Core inflation
(% to the corresponding month of the previous year)

Administratively regulated prices and tariffs
(% to the corresponding month of the previous year)

Seasonal prices (for fruits and vegetables)
(% to the corresponding month of the previous year)

Aggregated indicator of the trend inflation
(% to the corresponding month of the previous year)

General characteristics of changes in the consumer prices

The slowdown in the annual growth rate of consumer prices in October 2018 is due to a decrease in seasonal prices in annual terms, as well as a more moderate growth of administratively regulated prices and tariffs compared to October 2017.

In October 2018, annual core inflation accounted for 4% (3.9% a month earlier). The persistent unfavorable market conditions for agricultural products continue influencing the formation of price movements that are not subject to the impact of the seasonal factor and administrative regulation.

The aggregate indicator of trend inflation in October remained at the level of the previous month and amounted to 3.8% in annual terms. The average intensity of consumer price growth in October 2018 decreased by 0.2 percentage points and totaled 3.2% in annual terms.

The annual increase in administratively regulated prices and tariffs fell to 8.9% (10.8% a month earlier). The slowdown in the growth of prices for regulated positions is due to the fact that in 2018 Q3 the tariffs for housing and communal services were not indexed, while a year earlier the tariffs were indexed given the growth in the household incomes. In addition, in October 2017, the cost of travel in urban passenger transport was increased, whereas since the beginning of this year it has remained unchanged.

Prices for fruits and vegetables in annual terms declined by 6.6% (annual growth by 1.1% in September 2018). The dynamics of seasonal prices is determined by the pace of recovery in prices for vegetables, after their cheaping in the summer period, amid falling prices for fruits, primarily, apples.

Dynamics of consumer prices
(on a year-on-year basis)

Dynamics of inflation indicators
(on a year-on-year basis)

Methodological explanations   Archive