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.