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.

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Russia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.70 5.20 2333.30 2.20 1991 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-31 03:00 PM Inflation Rate YoY Flash Dec 4.9% 4.4% 4.6%
2021-01-12 04:00 PM Inflation Rate YoY Final Dec 4.9% 4.4% 4.9% 4.9%
2021-02-05 04:00 PM Inflation Rate YoY Jan 5.2% 4.9% 5.3% 5%
2021-03-05 04:00 PM Inflation Rate YoY Feb 5.7% 5.2% 5.5% 5.5%
2021-04-06 04:00 PM Inflation Rate YoY Mar 5.7% 5.6%
2021-05-07 04:00 PM Inflation Rate YoY Apr
2021-06-04 04:00 PM Inflation Rate YoY May
2021-07-08 04:00 PM Inflation Rate YoY Jun


News Stream
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 at Near 2-Year High
Russia's consumer price inflation rate rose to 5.2 percent in January 2021, from 4.9 percent in the previous month but below market expectations of 5.3 percent. It was the highest rate since April 2019 as prices rose for food products (1.0 percent), in particular fruits and vegetables (4.8 percent), and non-food items (0.5 percent). In addition, cost of services advanced 0.4 percent. On a monthly basis, consumer prices increased 0.7 percent in January.
2021-02-05
Russia Inflation Rate Confirmed at Over 1-1/2-Year High
The annual inflation rate in Russia rose to 4.9 percent in December of 2020 from 4.4 percent in the previous month, in line with preliminary estimates. It was the highest inflation rate since May of 2020 and remained well above the central bank's 4% target. Cost advanced faster for food products (6.7 percent vs 5.8 percent in November), non-food products (4.8 percent vs 4.5 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in November.
2021-01-12
Russia Inflation Rate Soars to Over 1-1/2-Year High
The annual inflation rate in Russia rose to 4.9 percent in December of 2020 from 4.4 percent in the previous month, a preliminary estimate showed. It was the highest inflation rate since May of 2019 and remained well above the central bank's 4% target. Cost advanced faster for food products (6.7 percent vs 5.8 percent in November), non-food products (4.8 percent vs 4.5 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in November.
2020-12-31

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.