The annual inflation rate in Russia fell to 12.6 percent in October of 2022 from 13.7 percent in the previous month, slowing for the sixth consecutive month to the lowest since the attack on Ukraine began in February. Prices decelerated for food products (12.1 percent vs 14.2 percent in September), and non-food products (14.1 percent vs 14.9 percent), offsetting the slight pickup in the cost of services (11.2 percent vs 11 percent). Also, core consumer prices rose at a slower pace (16.2 percent vs 17.1 percent). On a monthly basis, the CPI edged 0.2 percent higher, picking up from the 0.1 percent increase in September and marking the sharpest price growth since April, backing the CBR’s signal to halt its rate-cutting cycle. source: Federal State Statistics Service

Inflation Rate in Russia averaged 108.28 percent from 1991 until 2022, 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 2022.

Inflation Rate in Russia is expected to be 12.60 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 6.00 percent in 2023, according to our econometric models.

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Russia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-07 04:00 PM Sep 13.7% 14.3% 13.6% 13.8%
2022-11-09 04:00 PM Oct 12.6% 13.7% 13.3%
2022-12-09 04:00 PM Nov 12.6% 12.2%


Related Last Previous Unit Reference
Inflation Rate 12.60 13.70 percent Oct 2022
Inflation Rate MoM 0.20 0.10 percent Oct 2022
Consumer Price Index CPI 230.20 229.80 points Oct 2022
Core Inflation Rate 16.16 17.11 percent Oct 2022
Core Consumer Prices 100.00 100.30 points Oct 2022
GDP Deflator 161.38 162.14 points Jun 2022
Producer Prices 251.60 258.00 points Oct 2022
Producer Prices Change 0.80 3.80 percent Oct 2022
Food Inflation 12.10 14.20 percent Oct 2022

Russia Inflation Rate
In Russia, the most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (30% of the total weight) and Transport (14%). Clothing & Footwear accounts for 11%, Housing, Water, Electricity, Gas, & Other Fuels for 11%, Recreation & Culture for 6%, Alcoholic Beverages & Tobacco for 6% and Household Appliances for 6%. Health, Communication, Education, Restaurants & Hotels and Miscellaneous Goods & Services account for 16% of the total weight.
Actual Previous Highest Lowest Dates Unit Frequency
12.60 13.70 2333.30 2.18 1991 - 2022 percent Monthly

News Stream
Russian Inflation Slows for 6th Month
The annual inflation rate in Russia fell to 12.6 percent in October of 2022 from 13.7 percent in the previous month, slowing for the sixth consecutive month to the lowest since the attack on Ukraine began in February. Prices decelerated for food products (12.1 percent vs 14.2 percent in September), and non-food products (14.1 percent vs 14.9 percent), offsetting the slight pickup in the cost of services (11.2 percent vs 11 percent). Also, core consumer prices rose at a slower pace (16.2 percent vs 17.1 percent). On a monthly basis, the CPI edged 0.2 percent higher, picking up from the 0.1 percent increase in September and marking the sharpest price growth since April, backing the CBR’s signal to halt its rate-cutting cycle.
2022-11-09
Russia Inflation Rate Eases Less than Expected
The annual inflation rate in Russia eased to 13.7 percent in September of 2022 from 14.3 percent in the previous month, the lowest since February and compared with market expectations of 13.6 percent. The main upward pressure came from non-food products (14.9 percent), followed closely by food prices (14.2 percent), and services (11 percent). Also, core consumer prices advanced 14.1 percent from a year earlier, easing from a 17.7 percent jump in the previous month. On a monthly basis, consumer prices edged up 0.1 percent, after a 0.5 percent decrease in August.
2022-10-07
Russia Inflation Rate Eases Further to 6-Month Low
The annual inflation rate in Russia eased to 14.3 percent in August of 2022 from 15.1 percent in the previous month, the lowest since February and in line with market expectations. The main upward pressure came from food prices (15.8 percent), followed closely by non-food products (15.1 percent), and services (10.5 percent). Also, core consumer prices advanced 17.7 percent from a year earlier, easing from an 18.4 percent jump in the previous month. On a monthly basis, consumer prices declined by 0.5 percent, the third consecutive monthly decrease and following a 0.4 percent fall in July.
2022-09-09