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. source: Federal State Statistics Service
Inflation Rate in Russia averaged 114.28 percent from 1991 until 2021, 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 March of 2021.
Inflation Rate in Russia is expected to be 5.40 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 3.80 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 3.50 percent in 2022 and 4.30 percent in 2023, according to our econometric models.