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. source: Federal State Statistics Service

Inflation Rate in Russia averaged 114.90 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 January of 2021.

Inflation Rate in Russia is expected to be 4.20 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 3.50 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
4.90 4.40 2333.30 2.20 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-06 04:00 PM Inflation Rate YoY Oct 4% 3.7% 4% 3.8%
2020-12-04 04:00 PM Inflation Rate YoY Nov 4.4% 4% 4.3% 3.9%
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 4.9% 5%
2021-03-05 04:00 PM Inflation Rate YoY Feb
2021-04-06 04:00 PM Inflation Rate YoY Mar
2021-05-07 04:00 PM Inflation Rate YoY Apr


News Stream
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 Above Central Bank's 4% Target
The annual inflation rate in Russia rose to 4.4% in November of 2020 from 4% in the prior month, above market expectations of 4.3% and the central bank's 4% target. It was the highest inflation rate since July of 2019, as cost advanced faster for both food products (5.8% vs 4.8% in October) and non-food products (4.5% vs 4.2%). Meantime, services inflation remained steady (at 2.5%). On a monthly basis, consumer prices went up 0.7%, following a 0.4% rise in October and beating market expectations of a 0.6% increase.
2020-12-04
Russia Inflation Rate Hits Central Bank's 4% Target
The annual inflation rate in Russia rose to 4 percent in October 2020 from 3.7 percent in the previous month, in line with market expectations and matching the central bank's target. It was the highest inflation rate since September 2019, as cost advanced faster for both food products (4.8 percent vs 4.4 percent in September) and non-food products (4.2 percent vs 3.8 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after a 0.1 percent fall in September.
2020-11-06

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.