Inflation Review. February 2019

In February 2019, the annual increase in consumer prices raised by 0.4 percentage points and totaled 6.2%.

In February 2019 against January 2019, consumer prices grew by 1.3%.

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 February 2019, as expected, increase in annual growth of the core price indicators continued.

The annual growth in administratively regulated prices and tariffs accelerated up to 9.5% (8.7% in January 2019). The increase in the prices and tariffs on the given group of goods and services was mainly caused by the increase in tariffs for utility services (gas, electricity and water supply), as well as the increased price for fuel and alcohol.

In February 2019, prices for fruits and vegetables accelerated insignificantly in the annual terms: from 5.7% up to 6%. Outpacing rates of growth in prices for vegetables continue to influence the dynamics of seasonal prices.

Annual core inflation accelerated up to 5%, trend inflation – up to 4.6% (a month earlier – 4.7% and 4.2% respectively). Alimentary products that are produced with grain compounds continue to demonstrate the most significant growth.

The average intensity of the growth in consumer prices and tariffs amounted to 4.4%.

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

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

Methodological explanations   Archive