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 July 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.