Inflation Rate in Russia decreased to 9.90 percent in May from 10.20 percent in April of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The statistic shows the inflation rate in Russia from 1997 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of 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 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.

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.

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.

Historical chart and dataset showing Russia inflation rate by year from 1993 to 2021.

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.

The Consumer Price Index in Russia increased 0.40 percent in May 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 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 Inflation Perception: Last 1-2 Months: Moderate data was reported at 30.266 % in Jan 2024. This records an increase from the previous number of 29.081 % for Dec 2023. Russia Inflation Perception: Last 1-2 Months: Moderate data is updated monthly, averaging 33.107 % from Apr 2017 (Median) to Jan 2024, with 81 observations. The data reached an all-time high of 43.778 % in Nov 2017 and a record low of 21.000 % in Nov 2021. Russia Inflation Perception: Last 1-2 Months: Moderate 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]

Over the week ending November 5, 2024, consumer prices in Russia decreased from the week prior by 0.19 percent. During the observed period, the highest weekly inflation rate was recorded over the week from February 26 to March 4, 2022, which was the first full week after Russia's invasion of Ukraine that started on February 24, 2022. Year-to-date, consumer prices grew by over three percent from January 1, 2024. How much was the Russian inflation rate in 2023? The annual increase in the Russian consumer price index (CPI) stood at approximately 5.9 percent in 2023 and was around 7.9 percentage points lower than in 2022, when the figure was significantly high due to the war in Ukraine. Over 2023, the highest monthly inflation rate was recorded in January at roughly 12 percent. Which products have the highest inflation rate in Russia? Financial and insurance services recorded the highest increase in consumer prices in Russia in 2023, at over 13 percent. They were followed by sports, recreation, and culture. Among food products, the highest inflation rate in June 2024 relative to the end of the previous year was recorded for beet root, carrots, potatoes, white cabbage, and onions.

Russia Inflation Expectation Index data was reported at 78.710 % Point in Mar 2025. This records an increase from the previous number of 76.941 % Point for Feb 2025. Russia Inflation Expectation Index data is updated monthly, averaging 78.900 % Point from Jun 2012 (Median) to Mar 2025, with 97 observations. The data reached an all-time high of 84.500 % Point in Dec 2021 and a record low of 67.190 % Point in May 2022. Russia Inflation Expectation Index 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 latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Russia was 8.88 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 8.54 percent. Compared to a year ago, we see an increase from the...

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]

Consumer Price Index (CPI): Prev Month=100: Central Federal District: Core Inflation data was reported at 100.940 Prev Mth=100 in Dec 2024. This records a decrease from the previous number of 100.970 Prev Mth=100 for Nov 2024. Consumer Price Index (CPI): Prev Month=100: Central Federal District: Core Inflation data is updated monthly, averaging 100.560 Prev Mth=100 from Jan 2003 (Median) to Dec 2024, with 264 observations. The data reached an all-time high of 108.960 Prev Mth=100 in Mar 2022 and a record low of 99.810 Prev Mth=100 in Jul 2022. Consumer Price Index (CPI): Prev Month=100: Central Federal District: 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.IB014: Consumer Price Index: Central Federal District.

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 June of 2025.

Russia Inflation Perception: Last 1-2 Months: Can't Respond data was reported at 8.846 % in Jan 2024. This records an increase from the previous number of 8.000 % for Dec 2023. Russia Inflation Perception: Last 1-2 Months: Can't Respond data is updated monthly, averaging 8.000 % from Apr 2017 (Median) to Jan 2024, with 81 observations. The data reached an all-time high of 16.186 % in Jan 2018 and a record low of 3.500 % in May 2017. Russia Inflation Perception: Last 1-2 Months: Can't Respond 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]

Russia: Inflation forecast: The latest value from 2030 is 4 percent, unchanged from 4 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Russia from 1993 to 2030 is 42.36 percent. The minimum value, 2.52 percent, was reached in 2017 while the maximum of 840.06 percent was recorded in 1993.

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.

Cost of food in Russia increased 12.49 percent in May 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.