Russia Inflation Rate  1991-2018 | Data | Chart | Calendar | Forecast

Russia’s annual inflation rate rose to 3.1 percent in August of 2018 from 2.5 percent in the previous month, slightly below market expectations of 3.2 percent. It was the highest inflation rate since August of 2017, mainly due to food prices. Inflation Rate in Russia averaged 124.22 percent from 1991 until 2018, 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.

Russia Inflation Rate
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Russia Inflation Rate at 1-Year High of 3.1%


Russia’s annual inflation rate rose to 3.1 percent in August of 2018 from 2.5 percent in the previous month, slightly below market expectations of 3.2 percent. It was the highest inflation rate since August of 2017, mainly due to food prices.

Within the goods component, food cost advanced 1.9 percent in August, up from a 0.5 percent rise in July; and prices of non-food products rose by 3.8 percent, the same as in the previous month. Meanwhile, services inflation eased to 3.7 percent in August from 3.8 percent in July.

Annual core inflation rate picked up to 2.6 percent in July from 2.4 percent in the previous period. It was the highest rate since September last year.

On a monthly basis, consumer prices showed no growth, compared to a 0.3 percent gain in July and missing market expectations of a 0.1 percent increase. Prices advanced faster for non-food products (0.2 percent from 0.1 percent in July) while cost slowed for services (0.3 percent from 1.3 percent). Meanwhile, food prices declined 0.4 percent, following a 0.3 percent drop in July.


Federal State Statistics Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
9/5/2018 1:45:00 PM


Recent Releases

Russia Inflation Rate Hits 7-Month High
Russia's annual inflation rate rose to 2.5 percent in July 2018 from 2.3 percent in the previous month, slightly below market expectations of 2.6 percent. It was the highest rate since last December mainly due to a rebound in food prices.
Published on 2018-08-06

Russia Inflation Rate Slows to 2.3% in June
Russia's annual inflation rate edged down to 2.3 percent in June 2018 from 2.4 percent in the previous month, still above market expectations of 2.2 percent.
Published on 2018-07-06

Russian Inflation Rate Unchanged in May
Russia's annual inflation rate came in at 2.4 percent in May 2018, unchanged from the previous month's reading and slightly below market expectations of 2.5 percent.
Published on 2018-06-05

Russia April Inflation Rate Weaker than Expected
Russia's consumer price inflation stood at 2.4 percent year-on-year in April 2018, unchanged from the previous month's figure and below market expectations of 2.5 percent. Inflation remained well below the central bank's target of 4 percent.
Published on 2018-05-04



Calendar GMT Actual Previous Consensus TEForecast
2018-07-06 01:00 PM Inflation Rate YoY 2.3% 2.4% 2.2% 2.4%
2018-08-06 01:00 PM Inflation Rate YoY 2.5% 2.3% 2.6% 2.5%
2018-09-05 01:00 PM Inflation Rate YoY 3.1% 2.5% 3.2% 2.7%
2018-10-05 01:00 PM Inflation Rate YoY 3.1% 3.2%
2018-11-06 01:00 PM Inflation Rate YoY 3.5%
2018-12-06 01:00 PM Inflation Rate YoY 3.8%


Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 3.10 2.50 2333.30 2.20 percent [+]
Inflation Rate Mom 0.00 0.30 100.00 -0.50 percent [+]
Consumer Price Index CPI 564.30 564.40 564.40 0.10 Index Points [+]
Core Consumer Prices 100.30 100.30 103.50 100.10 Index Points [+]
Core Inflation Rate 2.60 2.40 17.50 1.80 percent [+]
GDP Deflator 114.61 111.24 121.34 43.41 Index Points [+]
Producer Prices 685.60 684.20 685.60 0.00 Index Points [+]
Producer Prices Change 15.30 16.60 33.70 -12.30 percent [+]
Food Inflation 1.90 0.50 26.10 -0.60 percent [+]


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. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 2.50 2333.30 2.20 1991 - 2018 percent Monthly




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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