Cost of food in Russia increased 5.30 percent in December of 2018 over the same month in the previous year. Food Inflation in Russia averaged 7.58 percent from 2010 until 2018, reaching an all time high of 26.10 percent in February of 2015 and a record low of -0.60 percent in June of 2018.
Food Inflation in Russia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Russia to stand at 2.40 in 12 months time. In the long-term, the Russia Food Inflation is projected to trend around 2.50 percent in 2020, according to our econometric models.