Inflation Rate in Russia decreased to 8.10 percent in August from 8.80 percent in July of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

Core consumer prices in Russia increased 8.04 percent in August 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.

Inflation Expectations in Russia decreased to 12.60 percent in September from 13.50 percent in August of 2025. This dataset provides - Russia Inflation Expectations- 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.

During the week ending January 27, 2025, consumer prices in Russia were 1.14 percent higher than at the beginning of the year. The year-to-date inflation rate continuously increased until mid-May 2022 and from mid-September 2022, reflecting the economic impact of sanctions on Russia due to the war in Ukraine.

The Consumer Price Index in Russia decreased 0.40 percent in August of 2025 over the previous month. This dataset provides - Russia Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In July 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In the first half of 2025, Russia maintained the highest interest rate at 18 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0 percent in July 2025. In contrast, Russia maintained a high inflation rate of 8.8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Russia Inflation Expectation: Next 1-2 Months: Increase Significantly data was reported at 30.764 % in Mar 2025. This records an increase from the previous number of 29.826 % for Feb 2025. Russia Inflation Expectation: Next 1-2 Months: Increase Significantly data is updated monthly, averaging 34.000 % from Jun 2012 (Median) to Mar 2025, with 97 observations. The data reached an all-time high of 60.742 % in Feb 2022 and a record low of 20.000 % in Feb 2018. Russia Inflation Expectation: Next 1-2 Months: Increase Significantly data remains active status in CEIC and is reported by Russian Public Opinion Research Center. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HE007: Inflation Expectations and Perception: Russian Public Opinion Research Center (VCIOM). [COVID-19-IMPACT]

The benchmark interest rate in Russia was last recorded at 17 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.

Cost of food in Russia increased 10.79 percent in July 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.

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]

The price of fresh cucumbers in Russia was over 11 percent higher as of February 3, 2025, compared to end-December 2024. The cost of lamb, vodka, and several vegetables also saw a significant increase.

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]

Inflation, consumer prices (annual %) in Russia was reported at 6.6945 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Consumer Price Index (CPI): Prev Month=100: Irkutsk Region: Core Inflation data was reported at 100.600 Prev Mth=100 in Mar 2025. This records a decrease from the previous number of 101.150 Prev Mth=100 for Feb 2025. Consumer Price Index (CPI): Prev Month=100: Irkutsk Region: Core Inflation data is updated monthly, averaging 100.580 Prev Mth=100 from Jan 2003 (Median) to Mar 2025, with 267 observations. The data reached an all-time high of 109.280 Prev Mth=100 in Mar 2022 and a record low of 99.770 Prev Mth=100 in Jul 2017. Consumer Price Index (CPI): Prev Month=100: Irkutsk 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.IB093: Consumer Price Index: Siberian Federal District: Irkutsk Region.

Russia was forecast to have the highest inflation rate among the presented Central and Eastern European (CEE) countries in 2024, at 7.86 percent compared to the previous year. To compare, consumer prices in Ukraine were expected to grow by 5.84 percent.

CPI: Prev Dec=100: Far East Federal District: Food data was reported at 102.990 Prev Dec=100 in Feb 2025. This records an increase from the previous number of 101.450 Prev Dec=100 for Jan 2025. CPI: Prev Dec=100: Far East Federal District: Food data is updated monthly, averaging 104.365 Prev Dec=100 from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 116.200 Prev Dec=100 in Dec 2008 and a record low of 99.610 Prev Dec=100 in Sep 2017. CPI: Prev Dec=100: Far East Federal District: Food 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.IB099: Consumer Price Index: Far East Federal District. In November 2018 Republic of Buryatia and Zabaikalsk Territory have been reassigned from the Siberian Federal District to the Far East Federal District (Presidential decree from 03.11.2018 N632.)

Inflation, GDP deflator (annual %) in Russia was reported at 9.2757 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.