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. source: Federal State Statistics Service

Inflation Rate in Russia averaged 109.81 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 May of 2022.

Inflation Rate in Russia is expected to be 20.00 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 10.00 percent in 2023 and 8.00 percent in 2024, according to our econometric models.

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Russia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-08 04:00 PM Mar 16.7% 9.2% 16.9% 19.8%
2022-05-13 04:00 PM Apr 17.8% 16.7% 18.4%
2022-06-08 04:00 PM May 17.8%


Related Last Previous Unit Reference
Inflation Rate 17.80 16.70 percent Apr 2022
Inflation Rate Mom 1.60 7.60 percent Apr 2022
Consumer Price Index CPI 752.10 740.50 points Apr 2022
Core Consumer Prices 102.00 109.10 points Apr 2022
Core Inflation Rate 20.37 18.69 percent Apr 2022
GDP Deflator 146.76 142.99 points Dec 2021
Producer Prices 282.30 266.60 points Mar 2022
Producer Prices Change 26.70 23.50 percent Mar 2022
Food Inflation 20.48 17.99 percent Apr 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
17.80 16.70 2333.30 2.18 1991 - 2022 percent Monthly

News Stream
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
Russia February Inflation Rate at 6-Year High
Russia’s annual inflation rate accelerated to 9.15 percent in February of 2022, from 8.73 percent in the previous month. It was the highest reading since January of 2016, as inflation rose sharply through 2021 and is now over twice as high as the central bank’s target of 4 percent. Consumer prices remain at an upward trend, as forecasts point to surging figures in 2022 amid sanctions from the west and raw materials shortages due to Russia’s invasion of Ukraine, despite the central bank’s emergency rate hike to 20 percent from 9.5 percent. Upward pressure came from prices of food (11.46 percent vs 11.09 percent in January), namely for fruits and vegetables (16.05 percent vs 16.01 percent), services (6.1 percent vs 5.38 percent), and non-food products (8.96 percent vs 8.73 percent), mainly for construction materials (22.48 percent vs 22.8 percent). On a monthly basis, prices advanced 1.17 percent, the steepest increase since 2015, following a 1 percent increase in the prior month.
2022-03-09