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. source: Federal State Statistics Service

Inflation Rate in Russia averaged 112.04 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 September of 2021.

Inflation Rate in Russia is expected to be 5.00 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 4.00 percent in 2022 and 4.30 percent in 2023, according to our econometric models.

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Russia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.68 6.50 2333.30 2.18 1991 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-07 04:00 PM May 6% 5.5% 5.8% 5.7%
2021-07-07 04:00 PM Jun 6.5% 6% 6.3% 6.2%
2021-08-06 04:00 PM Jul 6.5% 6.5% 6.6% 6.7%
2021-09-08 04:00 PM Aug 6.7% 6.5% 6.6% 6.7%
2021-10-06 04:00 PM Sep 6.7%
2021-11-05 04:00 PM Oct
2021-12-07 04:00 PM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Comes in Below Expectations in July
The annual inflation rate in Russia came in at 6.5 percent in July of 2021, the same as in the previous month and slightly below analyst forecasts of 6.6 percent. Still, it remained well above the central bank's 4% target and at the highest level since August of 2016. On a monthly basis, consumer prices went up 0.3 percent, following a 0.7 percent gain in June and compared to forecasts of a 0.4 percent increase.
2021-08-06
Russia Inflation Rate Rises More than Expected
Russia’s annual inflation rate rose to 6.5 percent in June of 2021, quickening from a 6.0 percent jump in the previous month and beat market expectations of a 6.3 percent hike. The latest reading remained well above the central bank's 4% target and it was the highest inflation rate since August of 2016, underpinned by prices of food (7.9 percent), non-food products (7.0 percent), and lastly, services (4.0 percent). On a monthly basis, consumer prices went up 0.7 percent, the same as in May and compared to forecasts of a 0.5 percent increase.
2021-07-07
Russia Inflation Rate Quickens to Near 5-Year High
Consumer prices in Russia jumped 6.0 percent in May of 2021, following a 5.5 percent increase in the previous month and faster than market expectations of a 5.8 percent hike. The latest reading remained well above the central bank's 4% target and it was the highest inflation rate since October of 2016, mainly driven by prices of food (7.4 percent), non-food products (6.7 percent), and lastly, services (3.3 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.6 percent advance in April and compared to forecasts of a 0.6 percent rise.
2021-06-07

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.