The annual inflation rate in Russia fell to 17.1 percent in May of 2022, below market expectations of 17.3 percent, from 17.8 percent in the previous month, which was the highest since January of 2002. On a monthly basis, consumer prices went up 0.1 percent, after a 1.6 percent jump in April and also lower than forecasts for a 0.3 percent increase. Prices slowed for food (0.6 percent vs 2.9 percent in April) while the cost of non-food (-0.1 percent vs 0.5 percent) and services (-0.3 percent vs 1.1 percent) fell. source: Federal State Statistics Service

Inflation Rate in Russia averaged 109.56 percent from 1991 until 2022, 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 2022.

Inflation Rate in Russia is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Inflation Rate is projected to trend around 7.00 percent in 2023 and 6.00 percent in 2024, according to our econometric models.

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Russia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-13 04:00 PM Apr 17.8% 16.7% 18.4%
2022-06-08 04:00 PM May 17.1% 17.8% 17.3% 17.6%
2022-07-08 04:00 PM Jun 17.1% 16.5%


Related Last Previous Unit Reference
Inflation Rate 17.10 17.80 percent May 2022
Inflation Rate Mom 0.10 1.60 percent May 2022
Consumer Price Index CPI 231.70 231.40 points May 2022
Core Consumer Prices 100.40 102.00 points May 2022
Core Inflation Rate 19.87 20.37 percent May 2022
GDP Deflator 162.14 146.76 points Mar 2022
Producer Prices 279.80 300.10 points May 2022
Producer Prices Change 19.30 31.50 percent May 2022
Food Inflation 20.05 20.48 percent May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
17.10 17.80 2333.30 2.18 1991 - 2022 percent Monthly

News Stream
Russia Inflation Rate Eases More than Expected in May
The annual inflation rate in Russia fell to 17.1 percent in May of 2022, below market expectations of 17.3 percent, from 17.8 percent in the previous month, which was the highest since January of 2002. On a monthly basis, consumer prices went up 0.1 percent, after a 1.6 percent jump in April and also lower than forecasts for a 0.3 percent increase. Prices slowed for food (0.6 percent vs 2.9 percent in April) while the cost of non-food (-0.1 percent vs 0.5 percent) and services (-0.3 percent vs 1.1 percent) fell.
2022-06-08
Russia April Inflation Rate Highest Since 2002
Russia’s annual inflation rate climbed further to 17.8 percent in April of 2022, from 16.7 percent in the previous month. It was the highest reading since January of 2002, amid a volatile rouble and unprecedented western sanctions imposed against the nation due to the war in Ukraine. Prices continued to advance sharply for food & non-alcoholic beverages (20.48% vs 17.99% in March); non-food products (20.19% vs 20.34%) and services (10.87% vs 9.94%). On a monthly basis, prices increased by 1.56 percent, decelerating sharply from a 7.61 percent jump in the previous month, which was the steepest rise since 1999.
2022-05-13
Russia March Inflation Rate Hits Highest since 2015
Russia’s annual inflation rate accelerated sharply to 16.7 percent in March of 2022, from 9.15 percent in the previous month, slightly below market forecasts of 16.9 percent. It was the highest reading since March of 2015, amid a sharp depreciation of the rouble as a consequence of Russia's invasion of Ukraine and economic sanctions imposed against the nation. Upward pressure came from prices of food (17.99 percent vs 11.46 percent in February), namely fruits and vegetables (34.83 percent vs 16.05 percent); non-food products (20.34 percent vs 8.96 percent) and services (9.94 percent vs 6.10 percent). On a monthly basis, prices jumped 7.61 percent, the steepest increase since 1999, below market expectations of a 7.8 percent rise.
2022-04-08