The annual inflation rate in Russia increased to 3.1 percent year-on-year in April of 2020 from 2.5 percent in the previous month and in line with market expectations. It was the highest inflation since November of 2019, with main upward pressure coming from both food (3.5 percent vs 2.2 percent) and non-food products (2.8 percent vs 2.5 percent) while services cots slowed (2.9 percent vs 3.0 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.6 percent gain in February and in line with expectations.
Inflation Rate in Russia averaged 117.51 percent from 1991 until 2020, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January 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 May of 2020. source: Federal State Statistics Service
Inflation Rate in Russia is expected to be 3.30 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 4.00 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 4.30 percent in 2021, according to our econometric models.