Consumer prices in Russia jumped 6.0 percent in May of 2021, following a 5.5 percent increase in the previous month and rose faster than market expectations of a 5.8 percent hike. The latest reading remained well above the central bank's 4% target and it was the highest inflation rate since October of 2016, mainly driven by prices of food (7.4 percent), non-food products (6.7 percent), and lastly, services (3.3 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.6 percent advance in April and compared to forecasts of a 0.6 percent rise. source: Federal State Statistics Service

Inflation Rate in Russia averaged 112.93 percent from 1991 until 2021, 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 2021.

Inflation Rate in Russia is expected to be 5.80 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 3.70 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 4.00 percent in 2022 and 4.30 percent in 2023, according to our econometric models.

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Russia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.02 5.53 2333.30 2.18 1991 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-05 04:00 PM Feb 5.7% 5.2% 5.5% 5.5%
2021-04-06 04:00 PM Mar 5.8% 5.7% 5.8% 5.8%
2021-05-07 04:00 PM Apr 5.5% 5.8% 5.5% 5.7%
2021-06-07 04:00 PM May 6% 5.5% 5.8% 5.7%
2021-07-08 04:00 PM Jun 6%
2021-08-06 04:00 PM Jul
2021-09-03 04:00 PM Aug
2021-10-06 04:00 PM Sep


News Stream
Russia Inflation Rate Quickens to Near 5-Year High
Consumer prices in Russia jumped 6.0 percent in May of 2021, following a 5.5 percent increase in the previous month and faster than market expectations of a 5.8 percent hike. The latest reading remained well above the central bank's 4% target and it was the highest inflation rate since October of 2016, mainly driven by prices of food (7.4 percent), non-food products (6.7 percent), and lastly, services (3.3 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.6 percent advance in April and compared to forecasts of a 0.6 percent rise.
2021-06-07
Russia Inflation Came in Line with Expectations
The annual inflation rate in Russia slowed to 5.5 percent in April of 2021 from 5.8 percent in the previous month and in line with market expectations. On a monthly basis, consumer prices went up 0.6 percent, following a 0.7 percent gain in March and compared to forecasts of a 0.6 percent rise.
2021-05-07
Russia Inflation Rate Highest since 2016
The annual inflation rate in Russia rose to 5.8 percent in March of 2021 from 5.7 percent in the previous month, in line with market expectations and well above the central bank's 4% target. It was the highest inflation rate since November 2016, with main upward pressure coming from food (7.6 percent), non-food products (5.9 percent) and services (3.2 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.8 percent gain in February and compare to forecasts of a 0.6 percent rise.
2021-04-06
Russia Inflation Rate Picks Up to Over 4-Year High
The annual inflation rate in Russia picked up to 5.7 percent in February of 2021 from 5.2 percent in the previous month and above market expectations of 5.5 percent and well above the central bank's 4% target. It was the highest inflation rate since November 2016, with main upward pressure coming from food (7.7 percent), non-food products (5.7 percent) and services (2.9 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in January and compared to forecasts of a 0.6 percent rise.
2021-03-05

Russia Inflation Rate
In Russia, the most important categories in the consumer price index are food and non-alcoholic beverages (30 percent of the total weight) and transport (14 percent). The index also includes: clothing and footwear (11 percent); housing, water, electricity, gas and other fuels (11 percent); recreation and cultural activities (6 percent), alcoholic beverages and tobacco products (6 percent) and household appliances (6 percent). Health, communication, education, hotels, restaurants and other goods and services account for the remaining 16 percent of total weight.