Russia Inflation Rate  1991-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Russia increased 3.3 percent year-on-year in August of 2017, below a 3.9 percent rise in July and lower than market expectations of 3.7 percent. It is the smallest inflation rate since at least 1991, mainly due to a slowdown in cost of food and transport. The inflation stayed below the central bank's 4 percent target for the second month. Inflation Rate in Russia averaged 128.93 percent from 1991 until 2017, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 3.30 percent in August of 2017.

Russia Inflation Rate
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Russia Inflation Rate Falls to Lowest Since 1991


Consumer prices in Russia increased 3.3 percent year-on-year in August of 2017, below a 3.9 percent rise in July and lower than market expectations of 3.7 percent. It is the smallest inflation rate since at least 1991, mainly due to a slowdown in cost of food and transport. The inflation stayed below the central bank's 4 percent target for the second month.

Prices rose at a slower pace for food and non-alcoholic beverages (2.3 percent from 3.8 percent in July); transport (4.2 percent from 4.3 percent); clothing and footwear (4.7 percent from 4.9 percent); furnishings and household equipment (1.9 percent from 2 percent); alcoholic beverages and tobacco (5.3 percent from 5.7 percent) and miscellaneous goods and services (2.9 percent from 3.52 percent). On the other hand, inflation was steady for hotels and restaurants (3.1 percent) and rose for housing and utilities (4.5 percent from 4.4 percent).

Annual core inflation rate declined to 3 percent from 3.3 percent in the previous month.

On a monthly basis, consumer prices went down 0.5 percent, the biggest monthly drop since at least 1992.

Federal State Statistics Service | Joana Taborda | joana.taborda@tradingeconomics.com
9/5/2017 1:49:20 PM


Recent Releases

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Calendar GMT Actual Previous Consensus TEForecast
2017-07-06 01:00 PM Inflation Rate YoY 4.4% 4.1% 4.3% 4.2%
2017-08-04 01:00 PM Inflation Rate YoY 3.9% 4.4% 4.3% 4%
2017-09-05 01:00 PM Inflation Rate YoY 3.3% 3.9% 3.7% 3.8%
2017-10-04 01:00 PM Inflation Rate YoY 3.3% 4.1%
2017-11-03 01:00 PM Inflation Rate YoY 4.2%
2017-12-06 01:00 PM Inflation Rate YoY 4.3%


Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 3.30 3.90 2333.30 3.30 percent [+]
Inflation Rate Mom -0.50 0.10 100.00 -0.50 percent [+]
Consumer Price Index CPI 547.70 550.80 550.80 0.10 Index Points [+]
Core Consumer Prices 100.10 100.10 103.50 100.10 Index Points [+]
Core Inflation Rate 3.00 3.30 17.50 3.00 percent [+]
GDP Deflator 102.74 144.45 144.45 43.41 Index Points [+]
Producer Prices 625.60 616.40 636.00 0.00 Index Points [+]
Producer Prices Change 4.70 1.80 33.70 -12.30 percent [+]
Food Inflation 2.30 3.80 26.10 -0.33 percent [+]


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. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.90 2333.30 3.30 1991 - 2017 percent Monthly




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17