Russia’s annual inflation rate held at 6.0% in July 2026, matching June’s reading and remaining at its highest level since January. Motor gasoline inflation accelerated sharply to 25.9% from 19.9%, while passenger transport inflation rose to 9.1% from 6.8%, amid a severe fuel shortage as Ukrainian drone attacks disrupted refinery output. Core inflation rose to 5.2% from 5.0%, while goods inflation accelerated to 5.3% from 4.3%, driven by faster food price growth (4.4% vs 3.4%). In contrast, services inflation eased to 7.8% from 10.6%, driven by softer inflation for utilties (1.7% vs 15.1%) and housing (10.1% vs 12.1%). On a monthly basis, consumer prices rose 0.5% in July, slowing from a 0.9% increase in June. source: Federal State Statistics Service

Inflation Rate in Russia remained unchanged at 6 percent in July. Inflation Rate in Russia averaged 97.39 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 August of 2026.

Inflation Rate in Russia remained unchanged at 6 percent in July. Inflation Rate in Russia is expected to be 5.60 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
2026-07-10 04:00 PM
Inflation Rate YoY
Jun 6% 5.3% 6% 5.5%
2026-08-12 04:00 PM
Inflation Rate YoY
Jul 6% 6% 6.0%
2026-09-11 04:00 PM
Inflation Rate YoY
Aug 6%


Related Last Previous Unit Reference
Consumer Price Index CPI 301.70 300.10 points Jul 2026
Core Consumer Prices 100.44 100.48 points Jul 2026
Core Inflation Rate 5.22 5.02 percent Jul 2026
Food Inflation 4.39 3.40 percent Jul 2026
GDP Deflator 149.01 144.55 points Mar 2026
Inflation Rate YoY 6.00 6.00 percent Jul 2026
Inflation Rate MoM 0.50 0.90 percent Jul 2026
PPI MoM -2.50 -0.10 percent Jul 2026
Producer Prices 331.00 340.60 points Jul 2026
PPI YoY 6.60 10.50 percent Jul 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
6.00 6.00 2333.30 2.18 1991 - 2026 percent Monthly

News Stream
Russia Inflation Holds Steady in July
Russia’s annual inflation rate held at 6.0% in July 2026, matching June’s reading and remaining at its highest level since January. Motor gasoline inflation accelerated sharply to 25.9% from 19.9%, while passenger transport inflation rose to 9.1% from 6.8%, amid a severe fuel shortage as Ukrainian drone attacks disrupted refinery output. Core inflation rose to 5.2% from 5.0%, while goods inflation accelerated to 5.3% from 4.3%, driven by faster food price growth (4.4% vs 3.4%). In contrast, services inflation eased to 7.8% from 10.6%, driven by softer inflation for utilties (1.7% vs 15.1%) and housing (10.1% vs 12.1%). On a monthly basis, consumer prices rose 0.5% in July, slowing from a 0.9% increase in June.
2026-08-12
Russia Inflation Rate Rises to 5-Month High
The headline inflation rate in Russia rose to 6.0% in June of 2026 from 5.3% in the previous month, the highest since January, and contrasting with most major economies that are seeing consumer inflation slow after the initial surge driven by the war in the Middle East. Inflation for motor gasoline was at 19.9% in the period, aligned with Russia's most aggressive fuel shortage since the end of the Soviet Union. The global supply shock due to export halts from the Middle East were magnified with a series of Ukrainian drone attacks on Russian refineries. In the meantime, inflation remained high for services at 10.6%. On the other hand, food inflation was low compared to other sectors of the economy, at 3.4%. From the previous month, the Russian CPI rose by 0.9%.
2026-07-10
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