Inflation Rate in Russia decreased to 8 percent in September from 8.10 percent in August 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.

The USD/RUB exchange rate rose to 81.7680 on October 21, 2025, up 1.14% from the previous session. Over the past month, the Russian Ruble has strengthened 2.22%, and is up by 14.60% over the last 12 months. Russian Ruble - values, historical data, forecasts and news - updated on October of 2025.

Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Russian Ruble data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Russian Ruble data is updated weekly, averaging 0.036 % from Jan 2018 (Median) to 12 May 2025, with 384 observations. The data reached an all-time high of 22.598 % in 20 May 2024 and a record low of 0.000 % in 12 May 2025. Canada Core Inflation Nowcast: sa: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Russian Ruble data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

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.

Consumer Basket of Goods and Services: Value: Central Federal District (CF) data was reported at 27,539.020 RUB in Feb 2025. This records an increase from the previous number of 27,402.300 RUB for Jan 2025. Consumer Basket of Goods and Services: Value: Central Federal District (CF) data is updated monthly, averaging 11,752.485 RUB from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 27,539.020 RUB in Feb 2025 and a record low of 2,901.070 RUB in Jan 2002. Consumer Basket of Goods and Services: Value: Central Federal District (CF) 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.IA028: Consumer Basket of Goods and Services: Value: by Region.

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.

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Purchasing power parity of Russian Federation surged by 6.70% from 27.2 LCU per international dollars in 2023 to 29.1 LCU per international dollars in 2024. Since the 3.30% decline in 2020, purchasing power parity soared by 25.57% in 2024. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP.

Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Amount Offered data was reported at 13,022.827 RUB mn in 22 Jul 2020. This records an increase from the previous number of 10,869.700 RUB mn for 17 Jun 2020. Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Amount Offered data is updated weekly, averaging 10,394.450 RUB mn from Apr 2018 (Median) to 22 Jul 2020, with 24 observations. The data reached an all-time high of 106,926.000 RUB mn in 04 Dec 2019 and a record low of 5,130.600 RUB mn in 19 Dec 2018. Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Amount Offered 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]

Domestic Government Bonds: Inflation Linked: 52003RMFS: Amount Offered data was reported at 20,863.000 RUB mn in 09 Jun 2021. This records an increase from the previous number of 15,568.200 RUB mn for 19 May 2021. Domestic Government Bonds: Inflation Linked: 52003RMFS: Amount Offered data is updated weekly, averaging 17,857.100 RUB mn from Sep 2020 (Median) to 09 Jun 2021, with 14 observations. The data reached an all-time high of 250,715.000 RUB mn in 16 Sep 2020 and a record low of 10,066.900 RUB mn in 23 Dec 2020. Domestic Government Bonds: Inflation Linked: 52003RMFS: Amount Offered 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.

Russia Domestic Government Bonds: Inflation Linked: 52003RMFS: Amount: Nominal Terms data was reported at 38,936.787 RUB mn in 09 Jun 2021. This records an increase from the previous number of 36,238.011 RUB mn for 19 May 2021. Russia Domestic Government Bonds: Inflation Linked: 52003RMFS: Amount: Nominal Terms data is updated weekly, averaging 33,989.998 RUB mn from Sep 2020 (Median) to 09 Jun 2021, with 14 observations. The data reached an all-time high of 112,906.740 RUB mn in 16 Dec 2020 and a record low of 14,563.866 RUB mn in 10 Feb 2021. Russia Domestic Government Bonds: Inflation Linked: 52003RMFS: Amount: Nominal Terms 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.

As of January 1, 2025, retirees in Russia received a gross pension of approximately ******** Russian rubles on average, or ****U.S. dollars per month at the exchange rate as of May 16, 2025. The reform of 2019 introduced a retirement age hike to gradually increase the retirement age to 60 years for women and 65 years for men until 2028. Pensions in Russia are guaranteed by the state, like in many European countries. Pension growth in Russia The amount of retirement benefits in Russia increased by roughly ******* Russian rubles, or *** percent, over the course of 2024. The pensions increased more significantly than prices in the country, as Russia's annual inflation rate stood at around *** percent in the same year. Pensioners in Russia Despite the increase in pension amounts, there has been a decrease in the number of individuals entitled to receive pensions until the start of 2024. As of January 1, 2025, the number of pensioners in Russia reached roughly **** million, more than a year prior. That corresponded to nearly *** pensioners per 1,000 population.

Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Cashflow data was reported at 13,094.446 RUB mn in 22 Jul 2020. This records an increase from the previous number of 10,889.530 RUB mn for 17 Jun 2020. Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Cashflow data is updated weekly, averaging 7,599.455 RUB mn from Apr 2018 (Median) to 22 Jul 2020, with 24 observations. The data reached an all-time high of 38,090.817 RUB mn in 13 Nov 2019 and a record low of 0.000 RUB mn in 17 Apr 2019. Russia Domestic Government Bonds: Inflation Linked: 52002RMFS: Cashflow 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]

Consumer Basket of Goods and Services: Value: SB: Republic of Altay data was reported at 24,954.580 RUB in Feb 2025. This records an increase from the previous number of 24,881.090 RUB for Jan 2025. Consumer Basket of Goods and Services: Value: SB: Republic of Altay data is updated monthly, averaging 11,017.985 RUB from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 24,954.580 RUB in Feb 2025 and a record low of 2,536.800 RUB in Jan 2002. Consumer Basket of Goods and Services: Value: SB: Republic of Altay 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.IA028: Consumer Basket of Goods and Services: Value: by Region.

Russia Consumer Basket of Goods and Services: Value data was reported at 15,467.920 RUB in Dec 2018. This records an increase from the previous number of 15,351.490 RUB for Nov 2018. Russia Consumer Basket of Goods and Services: Value data is updated monthly, averaging 8,264.540 RUB from Jan 2002 (Median) to Dec 2018, with 204 observations. The data reached an all-time high of 15,467.920 RUB in Dec 2018 and a record low of 2,812.120 RUB in Jan 2002. Russia Consumer Basket of Goods and Services: Value 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.IA026: Consumer Basket of Goods and Services: Value: by Region.

Consumer Basket of Goods and Services: Value: FE: Magadan Region data was reported at 32,165.840 RUB in Feb 2025. This records an increase from the previous number of 31,922.200 RUB for Jan 2025. Consumer Basket of Goods and Services: Value: FE: Magadan Region data is updated monthly, averaging 16,026.630 RUB from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 32,165.840 RUB in Feb 2025 and a record low of 4,009.650 RUB in Jan 2002. Consumer Basket of Goods and Services: Value: FE: Magadan Region 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.IA028: Consumer Basket of Goods and Services: Value: by Region.

Consumer Basket of Goods and Services: Value: CF: Ryazan Region data was reported at 22,902.300 RUB in Feb 2025. This records an increase from the previous number of 22,602.150 RUB for Jan 2025. Consumer Basket of Goods and Services: Value: CF: Ryazan Region data is updated monthly, averaging 9,976.920 RUB from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 22,902.300 RUB in Feb 2025 and a record low of 2,460.850 RUB in Jan 2002. Consumer Basket of Goods and Services: Value: CF: Ryazan Region 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.IA028: Consumer Basket of Goods and Services: Value: by Region.

Consumer Basket of Goods and Services: Value: FE: Sakhalin Region data was reported at 28,315.030 RUB in Feb 2025. This records an increase from the previous number of 27,997.500 RUB for Jan 2025. Consumer Basket of Goods and Services: Value: FE: Sakhalin Region data is updated monthly, averaging 14,594.485 RUB from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 28,315.030 RUB in Feb 2025 and a record low of 4,106.280 RUB in Jan 2002. Consumer Basket of Goods and Services: Value: FE: Sakhalin Region 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.IA028: Consumer Basket of Goods and Services: Value: by Region.

Consumer Basket of Goods and Services: Value: FE: Primorsky Territory data was reported at 27,767.590 RUB in Feb 2025. This records an increase from the previous number of 27,323.780 RUB for Jan 2025. Consumer Basket of Goods and Services: Value: FE: Primorsky Territory data is updated monthly, averaging 12,639.325 RUB from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 27,767.590 RUB in Feb 2025 and a record low of 3,517.680 RUB in Jan 2002. Consumer Basket of Goods and Services: Value: FE: Primorsky Territory 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.IA028: Consumer Basket of Goods and Services: Value: by Region.