Urals Oil rose to 65.21 USD/Bbl on July 28, 2025, up 0.77% from the previous day. Over the past month, Urals Oil's price has risen 2.76%, but it is still 13.12% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

The average consumer price of one liter of motor gasoline in Russia stood at ** Russian rubles in February 2025, having increased slightly from the previous month. The monthly price saw a decline in January 2025.

The average consumer price of the motor gasoline brand AI-95 in Russia has increased since the start of 2024 and stood at almost ** Russian rubles per liter in November 2024. The price of the most expensive category, AI-98 or higher, was measured at over ** Russian rubles per liter, more than ** Russian rubles more than in the corresponding month of the previous year.

In 2022, the cost of one ton of vulcanized rubber exceeded ***** thousand Russian rubles, which was the highest price among the selected petrochemical raw materials and final products in Russia. Unreinforced plastic films ranked second, at nearly *** thousand Russian rubles per ton. For crude oil, the price was set at approximately **** thousand Russian rubles per ton.

At the end of February 2022, the exchange rate of the euro to the Russian ruble (EUR/RUB), stood at 115.48. That was the highest figure over the observed period. The value of Russia's national currency declined in view of the war in Ukraine that began in February 2022.

End-of-month versus average monthly EUR/RUB exchange rate The concrete, or point in time, measure shows the exchange rate as of the last day of each month, which is different to the standardized measure; calculation of average based on observations throughout the period in question. The average monthly exchange rate of the euro to the Russian ruble has steadily decreased since February 2022, reaching approximately 57.5 Russian rubles in June 2022.

EUR/RUB exchange rate in recent years

From December 2018 to February 2020, the end-of-month euro-ruble exchange rate has seen a downward trend. The COVID-19 outbreak and the sinking oil prices in March 2020 lead to a significant depreciation of the Russian national currency, thus one euro equaled 92.46 Russian rubles by the end of October of that year. The figures remained at above 80 Russian rubles per one euro throughout 2021.

In May 2025, the inflation rate in Russia stood at **** percent compared to the same month in the previous year, showing an increase. The rate has been decreasing since March 2025. The highest rate during the observed period was recorded in April 2022, at **** percent. The term inflation means the devaluation of money caused by a permanent increase in the price level for products (consumer goods, investment goods). The Consumer Price Index (CPI) shows the price development for private expenses and shows the current level of inflation when increasing. Russia's economy, an outlook The Russian economy was expected to grow by *** percent in 2025 despite the Western sanctions over the war in Ukraine that began in February 2022. At the same time, consumer prices were projected to grow by around **** percent in 2025 relative to the previous year. In 2024, the inflation rate was estimated at **** percent. Prices in Russia Russia’s economy is highly dependent on and affected by the price of oil. The price of the Urals crude oil stood at approximately ***** U.S. dollars per barrel in April 2025, having demonstrated a decrease from the previous month. The highest producer price index (PPI) was recorded in the electricity and gas supply sector, with a price growth rate of over ** percent in September 2024.

We've looked at the recent surge in UK energy prices and the effects it is having on energy suppliers and UK industries.

In 2024, the average price of canned organic fish with oil per *** grams in Russia exceeded *** Russian rubles. The average consumer price of canned meat increased to approximately ***** Russian rubles per *** grams. A decade prior, Russia placed an embargo on food and agricultural products from the European Union (EU), Australia, Canada, the United States, Norway, and other Western countries.

High inflation rates of the Russian ruble, subsequent to the COVID-19 expansion and the cruide oil price drop, promoted a high demand on residential real estate. As a result, an increase in housing prices was recorded in most major cities of the country. After a 1.5 percent growth in March 2020, Moscow led the list with the highest average price for residential real estate, measuring at 211.5 thousand Russian rubles per square meter.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The statistic shows the inflation rate in Russia from 1997 to 2024, with projections until 2030. The inflation rate is calculated using the price increase in a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g., gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Russia was at about 13.75 percent compared to the previous year. Russia's economic uplift Based on economic power and economic standards, Russia is recognized as one of the biggest economic powers in the world. With a population of around 143 million people and a re-awakened population growth since 2010, Russia has tried to establish itself as one of the world’s largest economies and wealthiest nations and succeeded, being the sixth-largest economy in the world today. The gross domestic product (GDP) increase in Russia from 2009 to 2014 is also a good indicator of Russia’s economic growth and strength. After the 1998 Russian financial crisis, several reforms were introduced to the Russian economy which allowed it to recover. Not only did the Russian economy experience a great boost, but the quality of life in Russia as well as the people’s satisfaction with the direction of the country has also improved. In comparison to the previous year - with the exception of 2009 -, the Russian real gross domestic product growth rate has increased over the past decade. The trade balance of goods has been experiencing a rapid increase since the beginning of the millennium, with the exceptions of 2007 and 2009 due to the global economic crisis. This allowed Russia to export more goods than it imported. This high trade balance of goods resulted in a low inflation rate in 2012, the lowest recorded inflation rate since 2004.