The annual inflation rate in Russia increased to 3.1 percent year-on-year in April of 2020 from 2.5 percent in the previous month and in line with market expectations. It was the highest inflation since November of 2019, with main upward pressure coming from both food (3.5 percent vs 2.2 percent) and non-food products (2.8 percent vs 2.5 percent) while services cots slowed (2.9 percent vs 3.0 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.6 percent gain in February and in line with expectations.

Inflation Rate in Russia averaged 117.51 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 May of 2020. source: Federal State Statistics Service

Inflation Rate in Russia is expected to be 3.30 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 4.00 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 4.30 percent in 2021, according to our econometric models.

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Russia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 2.50 2333.30 2.20 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-06 01:30 PM Jan 2.4% 3% 2.5% 2.6%
2020-03-06 01:00 PM Feb 2.3% 2.4% 2.3% 2.3%
2020-04-06 01:00 PM Mar 2.5% 2.3% 2.7% 2.6%
2020-05-07 05:00 PM Apr 3.1% 2.5% 3.1% 3%
2020-06-05 01:00 PM May 3.1% 3% 3%
2020-07-08 01:00 PM Jun 3.3%
2020-08-06 01:00 PM Jul
2020-09-04 01:00 PM Aug


News Stream
Russia Inflation Rate Climbs to 5-Month High
The annual inflation rate in Russia increased to 3.1 percent year-on-year in April of 2020 from 2.5 percent in the previous month and in line with market expectations. It was the highest inflation since November of 2019, with main upward pressure coming from both food (3.5 percent vs 2.2 percent) and non-food products (2.8 percent vs 2.5 percent) while services cots slowed (2.9 percent vs 3.0 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.6 percent gain in February and in line with expectations.
2020-05-07
Russia Inflation Rate Rises Less than Expected
The annual inflation rate in Russia increased to 2.5 percent year-on-year in March of 2020 from 2.3 percent in the previous month and below market expectations of 2.7 percent. It was the highest inflation since December of 2019, with main upward pressure coming from services (3 percent); non-food products (2.5 percent) and food products (2.2 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.3 percent gain in February and compared to forecasts of a 0.7 percent rise.
2020-04-06
Russia Inflation Rate Drops to 1-1/2-Year Low
Russia's inflation rate edged down to 2.3 percent year-on-year in February 2020 from 2.4 percent in the previous month, in line with market expectations. That was the lowest rate since June 2018. On a monthly basis, consumer prices increased 0.3 percent, also matching forecasts.
2020-03-06
Russia Inflation Rate Falls Below Expectations
Annual inflation rate in Russia decreased to 2.4 percent in January 2019 from 3.0 percent in the previous month and slightly below market expectations of 2.5 percent. It was the lowest inflation since June 2018, as cost slowed for non-food products (2.5 percent vs 3.0 percent in December), food (2.0 percent vs 2.6 percent) and services (2.8 percent vs 3.8 percent). The core inflation rate declined to 2.7 percent in January from 3.1 percent, its lowest since August 2018. On a monthly basis, consumer prices went up 0.4 percent, the same as in the prior month.
2020-02-06

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.