Russia's headline annual inflation rate fell for the second month to 5.3% in May 2026, down from 5.6% in April and below market estimates of 5.4%. This was the lowest reading since August 2023, but it remains well above the CBR’s target of 4%. Food price growth slowed to 2.9%, compared to 4% in April, as fruit and vegetable prices continued to decline (-10.4% vs -6.6%). Meanwhile, prices advanced faster for services (10.1% vs 9.9%) and non-food products (4.2% vs 3.9%). The core rate edged down to 4.9% in May from 5% in the previous month. On a monthly basis, the CPI rose by 0.2%, after a 0.1% increase in the prior month, in line with forecasts. source: Federal State Statistics Service

Inflation Rate in Russia decreased to 5.30 percent in May from 5.60 percent in April of 2026. Inflation Rate in Russia averaged 97.83 percent from 1991 until 2026, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.18 percent in February 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 June of 2026.

Inflation Rate in Russia decreased to 5.30 percent in May from 5.60 percent in April of 2026. Inflation Rate in Russia is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Inflation Rate is projected to trend around 4.10 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-15 04:00 PM
Inflation Rate YoY
Apr 5.6% 5.9% 5.8% 5.9%
2026-06-10 04:00 PM
Inflation Rate YoY
May 5.3% 5.6% 5.4% 5.5%
2026-07-10 04:00 PM
Inflation Rate YoY
Jun 5.3% 5.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 297.80 297.20 points May 2026
Core Consumer Prices 100.55 100.25 points May 2026
Core Inflation Rate 4.90 4.96 percent May 2026
Food Inflation 2.86 4.02 percent May 2026
GDP Deflator 144.55 143.12 points Dec 2025
Inflation Rate YoY 5.30 5.60 percent May 2026
Inflation Rate MoM 0.20 0.10 percent May 2026
PPI MoM 6.10 2.00 percent Apr 2026
Producer Prices 334.10 315.10 points Apr 2026
PPI YoY 5.50 -1.80 percent Apr 2026


Russia Inflation Rate
In Russia, the most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (30% of the total weight) and Transport (14%). Clothing & Footwear accounts for 11%, Housing, Water, Electricity, Gas, & Other Fuels for 11%, Recreation & Culture for 6%, Alcoholic Beverages & Tobacco for 6% and Household Appliances for 6%. Health, Communication, Education, Restaurants & Hotels and Miscellaneous Goods & Services account for 16% of the total weight.
Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.60 2333.30 2.18 1991 - 2026 percent Monthly

News Stream
Russia Inflation Rate at Near 3-Year Low
Russia's headline annual inflation rate fell for the second month to 5.3% in May 2026, down from 5.6% in April and below market estimates of 5.4%. This was the lowest reading since August 2023, but it remains well above the CBR’s target of 4%. Food price growth slowed to 2.9%, compared to 4% in April, as fruit and vegetable prices continued to decline (-10.4% vs -6.6%). Meanwhile, prices advanced faster for services (10.1% vs 9.9%) and non-food products (4.2% vs 3.9%). The core rate edged down to 4.9% in May from 5% in the previous month. On a monthly basis, the CPI rose by 0.2%, after a 0.1% increase in the prior month, in line with forecasts.
2026-06-10
Russia Inflation Rate Lower than Anticipated
Russia's headline annual inflation rate eased to a four-month low of 5.6% in April 2026 from 5.9% previously and below the expected 5.8%. Still, inflation remains well above the CBR’s target of 4%. Price growth moderated for food products (4% vs 5% in March), helped by a steeper decline in the prices of fruits and vegetables (-6.6% vs -2.3%). Meanwhile, services inflation remained elevated (9.9% vs 10%) and prices for non-food products picked up (3.9% vs 3.5%), mainly on account of automobile gasoline (12.3%); medicines (9.1%) and tobacco (7.5%). On a monthly basis, the CPI edged up by 0.1% in April, following a 0.6% rise in March, slightly below market forecasts of a 0.3% increase.
2026-05-15
Russia Inflation Holds at 5.9% in March
Russia's headline annual inflation rate remained unchanged at 5.9% in March 2026 compared to February, slightly above forecasts of 5.8%. The strongest price increases were recorded in services at 10% and food products at 5%. Within food, fruit and vegetable products led gains at 7.4%. Amid Middle East oil supply concerns, gasoline prices rose 2.3%. Housing prices increased 2.2% and utilities 5.1%, with gas supply up 2.1%. On a monthly basis, the Russian CPI rose 0.6% following a 0.7% increase in February.
2026-04-10