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.