The cost of food and beverages in Russia rose by 10.3 percent year-on-year in December of 2022, easing from the 11.1 percent increase in the prior month and slowing for the eighth consecutive month to the lowest in one year. Price growth decelerated for bread and baked goods (13 percent vs 14.3 percent in November), largely due to Russia’s record-high wheat harvest. Inflation also eased for meat and poultry (4 percent vs 4.3 percent), fish and seafood (14.3 percent vs 15.1 percent), and milk and dairy products (15.2 percent vs 16.9 percent). On a monthly basis, food product costs edged 0.4 percent higher. source: Federal State Statistics Service

Food Inflation in Russia averaged 9.37 percent from 2002 until 2022, reaching an all time high of 23.30 percent in February of 2015 and a record low of -0.20 percent in June of 2018. This page provides the latest reported value for - Russia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Food Inflation - values, historical data and charts - was last updated on February of 2023.

Food Inflation in Russia is expected to be 11.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Russia Food Inflation

Related Last Previous Unit Reference
Inflation Rate 11.90 12.00 percent Dec 2022
Inflation Rate MoM 0.80 0.40 percent Dec 2022
Consumer Price Index CPI 231.90 230.10 points Dec 2022
Core Inflation Rate 14.31 15.06 percent Dec 2022
Core Consumer Prices 100.00 100.20 points Dec 2022
GDP Deflator 159.73 161.38 points Sep 2022
Producer Prices 248.30 250.30 points Dec 2022
Producer Prices Change -3.30 -1.90 percent Dec 2022
Food Inflation 10.30 11.10 percent Dec 2022