Russia Inflation Rate  1991-2018 | Data | Chart | Calendar | Forecast

Russia's annual inflation rate edged down to 2.3 percent in June 2018 from 2.4 percent in the previous month, still above market expectations of 2.2 percent. Food prices fell from a year earlier while cost of both non-food products and services rose at a faster pace. Inflation Rate in Russia averaged 124.97 percent from 1991 until 2018, 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.

Russia Inflation Rate
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Russia Inflation Rate Slows to 2.3% in June


Russia's annual inflation rate edged down to 2.3 percent in June 2018 from 2.4 percent in the previous month, still above market expectations of 2.2 percent.

Within the goods component, food cost dropped 0.2 percent in June, following a 0.4 percent rise in May; while prices of non-food products rose by 3.7 percent, faster than a 3.4 percent gain in the previous month. Also, services inflation went up to 4.1 percent in June from 4 percent in May.

Annual core inflation rate picked up to 2.3 percent in June from 2 percent in the previous period.

On a monthly basis, consumer prices increased by 0.5 percent in June, following a 0.4 percent advance in May and beating market expectations of 0.4 percent. Inflation rose for both food (0.4 percent vs -0.1 percent) and services (0.7 percent vs 0.4 percent), while non-food prices increased at a softer pace (0.4 percent vs 0.9 percent).


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/6/2018 1:18:51 PM


Recent Releases

Russian Inflation Rate Unchanged in May
Russia's annual inflation rate came in at 2.4 percent in May 2018, unchanged from the previous month's reading and slightly below market expectations of 2.5 percent.
Published on 2018-06-05

Russia April Inflation Rate Weaker than Expected
Russia's consumer price inflation stood at 2.4 percent year-on-year in April 2018, unchanged from the previous month's figure and below market expectations of 2.5 percent. Inflation remained well below the central bank's target of 4 percent.
Published on 2018-05-04

Russia Inflation Rate Picks Up from Record Low to 2.4%
Russia's consumer price inflation increased to 2.4 percent year-on-year in March 2018 from a record low of 2.2 percent in the previous month and in line with market expectations. Still, inflation remained well below the central bank's target of 4 percent.
Published on 2018-04-06

Russia February Inflation Rate Unchanged at Record Low
Russia's consumer prices rose 2.2 percent year-on-year in February 2018, the same pace as in the previous month while missing market expectations of a 2.3 percent gain. The inflation remained at the lowest level since the series began in 1991 and well below the central bank's target of 4 percent, despite a pick up in food inflation.
Published on 2018-03-06



Calendar GMT Actual Previous Consensus TEForecast
2018-05-04 01:00 PM Inflation Rate YoY 2.4% 2.4% 2.5% 2.4%
2018-06-05 01:00 PM Inflation Rate YoY 2.4% 2.4% 2.5% 2.3%
2018-07-06 01:00 PM Inflation Rate YoY 2.3% 2.4% 2.2% 2.4%
2018-08-06 01:00 PM Inflation Rate YoY 2.3% 2.4%
2018-09-05 01:00 PM Inflation Rate YoY 2.7%
2018-10-05 01:00 PM Inflation Rate YoY 3.2%


Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.40 2333.30 2.20 percent [+]
Inflation Rate Mom 0.50 0.40 100.00 -0.50 percent [+]
Consumer Price Index CPI 562.80 560.10 562.80 0.10 Index Points [+]
Core Consumer Prices 100.30 100.20 103.50 100.10 Index Points [+]
Core Inflation Rate 2.30 2.00 17.50 1.80 percent [+]
GDP Deflator 111.24 107.50 121.34 43.41 Index Points [+]
Producer Prices 659.70 634.90 662.60 0.00 Index Points [+]
Producer Prices Change 12.00 7.50 33.70 -12.30 percent [+]
Food Inflation 0.20 0.90 26.10 -0.33 percent [+]


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. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.40 2333.30 2.20 1991 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.40 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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