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.