Russia’s annual inflation rate picked up to 8.13 percent in October of 2021, from 7.4 percent in September, slightly above market expectations of 8 percent. That was the highest inflation rate since January of 2016, as prices advanced faster for food (10.89 percent vs 9.21 percent in September), non-food products (8.17 percent vs 8.1 percent), and services (4.36 percent vs 4.2 percent). On a monthly basis, consumer prices inched up 1.11 percent, the most since March of 2015 and slightly above market forecasts of a 1 percent rise. source: Federal State Statistics Service

Inflation Rate in Russia averaged 111.46 percent from 1991 until 2021, 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 December of 2021.

Inflation Rate in Russia is expected to be 8.30 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 4.80 percent in 2022 and 4.30 percent in 2023, according to our econometric models.

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Russia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-06 04:00 PM Sep 7.4% 6.7% 7.1% 7%
2021-11-03 04:00 PM Oct 8.13% 7.4% 8% 7.7%
2021-12-08 04:00 PM Nov 8.13% 8.1%


Related Last Previous Unit Reference
Inflation Rate 8.13 7.40 percent Oct/21
Inflation Rate Mom 1.11 0.60 percent Oct/21
Consumer Price Index CPI 661.70 654.40 points Oct/21
Core Inflation Rate 8.03 7.61 percent Oct/21
Core Consumer Prices 100.90 100.80 points Oct/21
GDP Deflator 138.51 130.50 points Jun/21
Producer Prices 247.60 246.60 points Oct/21
Producer Prices Change 27.50 26.30 percent Oct/21
Food Inflation 10.89 9.21 percent Oct/21

News Stream
Russia Inflation Rate at Over 5-1/2-Year High
Russia’s annual inflation rate picked up to 8.13 percent in October of 2021, from 7.4 percent in September, slightly above market expectations of 8 percent. That was the highest inflation rate since January of 2016, as prices advanced faster for food (10.89 percent vs 9.21 percent in September), non-food products (8.17 percent vs 8.1 percent), and services (4.36 percent vs 4.2 percent). On a monthly basis, consumer prices inched up 1.11 percent, the most since March of 2015 and slightly above market forecasts of a 1 percent rise.
2021-11-03
Russia Inflation Rate Rises More than Expected
Russia’s annual inflation rate rose to 7.4 percent in September of 2021 from 6.7 percent in the previous month, above market expectations of 7.1 percent. It was the highest inflation rate since June 2016, as prices accelerated for food (9.2 percent vs 7.7 percent in August), non-food products (8.1 percent vs 8.0 percent), and services (4.2 percent vs 3.8 percent). On a monthly basis, consumer prices went up 0.6 percent, after a 0.2 percent gain in August.
2021-10-06
Russia Inflation Rate Hits 5-Year High
Russia’s annual inflation rate rose to 6.7 percent in August of 2021 from 6.5 percent in the previous month, above market expectations of 6.6 percent. It was the highest inflation rate since August 2016, underpinned by prices of food (7.7 percent), non-food products (8.0 percent), and services (3.8 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.3 percent gain in July.
2021-09-08

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.