Inflation Rate in Russia decreased to 9.40 percent in June from 9.90 percent in May of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

As of January 27, 2025, the year-over-year inflation rate in Russia was measured at 8.15 percent, remaining unchanged from the previous week. The growth in consumer prices at the end of February and in March 2022 was caused by the war in Ukraine and subsequent international sanctions on Russia. In April 2024, the inflation rate in Russia reached 7.8 percent relative to the corresponding period of the previous year.

Core consumer prices in Russia increased 8.94 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Russia Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Russia Expected Inflation: Households with Savings data was reported at 12.400 % pa in Apr 2025. This records an increase from the previous number of 11.000 % pa for Mar 2025. Russia Expected Inflation: Households with Savings data is updated monthly, averaging 9.850 % pa from Jul 2017 (Median) to Apr 2025, with 86 observations. The data reached an all-time high of 17.200 % pa in Mar 2022 and a record low of 6.900 % pa in Mar 2020. Russia Expected Inflation: Households with Savings data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HE006: Inflation Expectations: Central Bank of Russian Federation. [COVID-19-IMPACT]

Inflation Expectations in Russia decreased to 13 percent in June from 13.40 percent in May of 2025. This dataset provides - Russia Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia Expected Inflation: Households without Savings data was reported at 13.900 % pa in Apr 2025. This records a decrease from the previous number of 15.100 % pa for Mar 2025. Russia Expected Inflation: Households without Savings data is updated monthly, averaging 11.800 % pa from Jul 2017 (Median) to Apr 2025, with 86 observations. The data reached an all-time high of 19.300 % pa in Mar 2022 and a record low of 8.500 % pa in Mar 2020. Russia Expected Inflation: Households without Savings data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HE006: Inflation Expectations: Central Bank of Russian Federation. [COVID-19-IMPACT]

Cost of food in Russia increased 11.91 percent in June of 2025 over the same month in the previous year. This dataset 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.

In the fourth quarter of 2024, the Consumer Price Index (CPI) in Russia was around nine percent higher than in the corresponding period of the previous year. The growth rate marked a slight increase compared to the previous quarter. The year-over-year inflation rate across Russia in December 2024 was recorded at 9.5 percent.

Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Days to Maturity data was reported at 2,751.000 NA in 22 Jul 2020. This records a decrease from the previous number of 2,786.000 NA for 17 Jun 2020. Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Days to Maturity data is updated weekly, averaging 3,136.000 NA from Apr 2018 (Median) to 22 Jul 2020, with 24 observations. The data reached an all-time high of 3,591.000 NA in 04 Apr 2018 and a record low of 2,751.000 NA in 22 Jul 2020. Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Days to Maturity data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FH009: OFZ Auctions' Results. [COVID-19-IMPACT]

Russia Observed Inflation: Households with Savings data was reported at 14.200 % pa in Apr 2025. This records an increase from the previous number of 13.600 % pa for Mar 2025. Russia Observed Inflation: Households with Savings data is updated monthly, averaging 12.150 % pa from Sep 2017 (Median) to Apr 2025, with 80 observations. The data reached an all-time high of 20.200 % pa in May 2022 and a record low of 7.200 % pa in Mar 2020. Russia Observed Inflation: Households with Savings data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HE008: Observed Inflation. [COVID-19-IMPACT]

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The benchmark interest rate in Russia was last recorded at 20 percent. This dataset provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

CPI: Prev Dec=100: Central Federal District: Services: Medical Services data was reported at 103.260 Prev Dec=100 in Mar 2025. This records an increase from the previous number of 102.060 Prev Dec=100 for Feb 2025. CPI: Prev Dec=100: Central Federal District: Services: Medical Services data is updated monthly, averaging 105.400 Prev Dec=100 from Jan 2002 (Median) to Mar 2025, with 279 observations. The data reached an all-time high of 129.400 Prev Dec=100 in Dec 2002 and a record low of 100.440 Prev Dec=100 in Jan 2020. CPI: Prev Dec=100: Central Federal District: Services: Medical Services data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IB014: Consumer Price Index: Central Federal District.

The given data revealed that jokes about the national currency depreciation was the most popular way of discussing the topic in question on the social media across Russia in March 2020. Users were equally active in discussing governmental actions related to the issue, as per 23 percent of mentions over the period under consideration.

Russia Consumer Price Index (CPI): MoM: sa: GS: Services data was reported at 0.719 % in Mar 2025. This records an increase from the previous number of 0.659 % for Feb 2025. Russia Consumer Price Index (CPI): MoM: sa: GS: Services data is updated monthly, averaging 0.710 % from Jan 2002 (Median) to Mar 2025, with 279 observations. The data reached an all-time high of 4.027 % in Feb 2003 and a record low of -0.160 % in Jun 2020. Russia Consumer Price Index (CPI): MoM: sa: GS: Services data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Russia Premium Database’s Inflation – Table RU.IA026: Consumer Price Index: Seasonally Adjusted: Month-on-Month: Bank of Russia.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

The Gross Domestic Product (GDP) in Russia was worth 2173.84 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Russia represents 2.05 percent of the world economy. This dataset provides the latest reported value for - Russia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index (CPI): Prev Dec=100: Moscow Region: Core Inflation data was reported at 108.660 Prev Dec=100 in Oct 2021. This records an increase from the previous number of 107.580 Prev Dec=100 for Sep 2021. Consumer Price Index (CPI): Prev Dec=100: Moscow Region: Core Inflation data is updated monthly, averaging 103.535 Prev Dec=100 from Jan 2003 to Oct 2021, with 226 observations. The data reached an all-time high of 115.970 Prev Dec=100 in Dec 2015 and a record low of 100.040 Prev Dec=100 in Jan 2020. Consumer Price Index (CPI): Prev Dec=100: Moscow Region: Core Inflation data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IB024: Consumer Price Index: Central Federal District: Moscow Region.