The annual inflation rate in Russia rose to 3.7 percent in August of 2020 from 3.6 percent in the prior month and matching market expectations, though remaining slightly below the central bank's 4 percent target. It was the highest inflation rate since October of 2019, pushed up by prices of food products (4.4 percent vs 4.3 percent in August), non-food products (3.8 percent vs 3.4 percent). Meantime, services inflation slowed to 2.5 percent from 2.7 percent. On a monthly basis, consumer prices were down 0.1 percent, after increasing 0.4 percent in July and compared to forecasts of a flat reading. source: Federal State Statistics Service

Inflation Rate in Russia averaged 115.86 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 October of 2020.

Inflation Rate in Russia is expected to be 3.90 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 3.40 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 3.50 percent in 2021 and 4.30 percent in 2022, according to our econometric models.

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Russia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.60 2333.30 2.20 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-08 04:00 PM Jun 3.2% 3% 3.2% 3.1%
2020-08-06 04:00 PM Jul 3.4% 3.2% 3.4% 3.3%
2020-09-04 04:00 PM Aug 3.6% 3.4% 3.5% 3.6%
2020-10-06 04:00 PM Sep 3.7% 3.6% 3.7% 3.6%
2020-11-06 04:00 PM Oct 3.7% 3.8%
2020-12-07 04:00 PM Nov


News Stream
Russia Inflation Rate Rises to 11-Month High of 3.7%
The annual inflation rate in Russia rose to 3.7 percent in August of 2020 from 3.6 percent in the prior month and matching market expectations, though remaining slightly below the central bank's 4 percent target. It was the highest inflation rate since October of 2019, pushed up by prices of food products (4.4 percent vs 4.3 percent in August), non-food products (3.8 percent vs 3.4 percent). Meantime, services inflation slowed to 2.5 percent from 2.7 percent. On a monthly basis, consumer prices were down 0.1 percent, after increasing 0.4 percent in July and compared to forecasts of a flat reading.
2020-10-06
Russia Inflation Rate Rises More than Expected
The annual inflation rate in Russia rose to 3.6 percent in August of 2020 from 3.4 percent in the previous month and above market expectations of 3.5 percent, though remaining below the central bank's 4 percent target. It was the highest inflation rate since October 2019, pushed up by prices of food products (4.3 percent vs 4.2 percent in July), non-food products (3.4 percent vs 3.1 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices showed no growth, after a 0.4 percent gain in July and in line with market consensus.
2020-09-04
Russia Inflation Rate Quickens to 8-Month High
The annual inflation rate in Russia rose to 3.4 percent in July of 2020 from 3.2 percent in the prior month and matching market expectations, though remaining below the central bank's 4 percent target. It was the highest inflation rate since last November, pushed up by prices of both food (4.2 percent vs 3.9 percent in June) and non-food products (3.1 percent vs 3 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after increasing 0.2 percent in June and in line with market consensus.
2020-08-06
Russia Inflation Rate at 7-Month High of 3.2%
The annual inflation rate in Russia picked up to 3.2 percent in June of 2020 from 3 percent in the previous month and in line with market expectations as the economy gradually recovers from the coronavirus shock. It was the highest inflation since November of 2019, as cost advanced faster for both food (3.9 percent vs 3.3 percent in May) and non-food products (3 percent vs 2.8 percent). On the other hand, services inflation slowed (3 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.2 percent, after gaining 0.3 percent in May.
2020-07-08

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.