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.

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

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.

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.

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.

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.

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.

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 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]

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.

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.

CPI: Core Inflation: Prev Month=100 data was reported at 100.690 Prev Mth=100 in Mar 2025. This records a decrease from the previous number of 100.750 Prev Mth=100 for Feb 2025. CPI: Core Inflation: Prev Month=100 data is updated monthly, averaging 100.540 Prev Mth=100 from Jan 2003 (Median) to Mar 2025, with 267 observations. The data reached an all-time high of 109.050 Prev Mth=100 in Mar 2022 and a record low of 99.820 Prev Mth=100 in Jul 2022. CPI: Core Inflation: Prev Month=100 data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.IA025: Consumer Price Index: Core Inflation. Core inflation is a measure of inflation which excludes certain items that face administrative and season movements.

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.

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.

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.

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.

Expected Inflation: Median Value data was reported at 10.236 % pa in Dec 2018. This records an increase from the previous number of 9.831 % pa for Nov 2018. Expected Inflation: Median Value data is updated monthly, averaging 12.895 % pa from Apr 2010 (Median) to Dec 2018, with 73 observations. The data reached an all-time high of 18.701 % pa in Dec 2010 and a record low of 7.814 % pa in Apr 2018. Expected Inflation: Median Value data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HE005: Inflation Expectations.