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

In June 2018, the slowdown in inflation continued: annual growth of the consumer prices amounted to 4.1%.

In June 2018, consumer prices grew by 0.4% against May.

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

In June 2018, the slowdown of the consumer prices annual growth rates was conditioned by the decrease in the prices for fruits and vegetables in the annual terms.

In June 2018, the prices for fruits and decreased by 4.4% in comparison to June 2017 due to a high-base effect (in Q2 of 2017 there was an accelerated price growth for the given category of commodities due to unfavorable weather conditions).

Growth of administratively regulated prices and tarrifs in the annual terms accelerated from 8.9% in May to 9.1% in June 2018 as a result of growth in prices for vodka. Furthermore, growth of services costs in preschool institutions during summer period made a significant influence on the monthly prices growth in this segment.

In June 2018, annual core inflation totaled 3.1% (2.9% a month earlier). In the meantime accelerated price growth on meat and meat products had a significant influence on the change of this index. Without this group of products annual core inflation would remain on a 2.9% level.

During the last four months aggregate indicator of the trend inflation remains on the level of 3.2% in the annual terms, during the last two months the average intensity of consumer prices growth totals 2.8%, which indicates stability of a price situation in the consumer market.

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

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

Methodological explanations   Archive