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. source: Federal State Statistics Service

Inflation Rate in Russia averaged 111.74 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 October of 2021.

Inflation Rate in Russia is expected to be 6.60 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


Calendar GMT Actual Previous Consensus TEForecast
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 7.4% 6.7% 7.1% 7%
2021-11-05 04:00 PM Oct 7.4% 7.2%
2021-12-07 04:00 PM Nov 6.8%


News Stream
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 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 Last Unit Reference Previous Highest Lowest
Inflation Rate 7.40 percent Sep/21 6.68 2333.30 2.18
Inflation Rate Mom 0.60 percent Sep/21 0.17 245.30 -0.54
Consumer Price Index CPI 654.40 points Sep/21 650.50 654.40 0.10
Core Inflation Rate 7.61 percent Sep/21 7.07 17.50 1.80
Core Consumer Prices 100.80 points Sep/21 100.60 103.50 100.10
GDP Deflator 138.51 points Jun/21 130.50 138.51 43.41
Producer Prices 249.20 points Aug/21 245.50 249.20 0.00
Producer Prices Change 28.60 percent Aug/21 28.10 35.30 -14.10
Food Inflation 9.21 percent Sep/21 7.70 23.30 -0.20


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.