The annual inflation rate in Russia rose to 3.4 percent in July of 2020 from 3.2 percent in the prior month and matching market expectations, though remaining below the central bank's 4 percent target. It was the highest inflation rate since last November, pushed up by prices of both food (4.2 percent vs 3.9 percent in June) and non-food products (3.1 percent vs 3 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after increasing 0.2 percent in June and in line with market consensus.
Inflation Rate in Russia averaged 116.51 percent from 1991 until 2020, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January of 2018. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Federal State Statistics Service
Inflation Rate in Russia is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Russia to stand at 3.30 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 3.50 percent in 2021 and 4.30 percent in 2022, according to our econometric models.