Russia Inflation Rate 1991-2018 | Data | Chart | Calendar | Forecast

Russia's consumer price inflation increased to 2.4 percent year-on-year in March 2018 from a record low of 2.2 percent in the previous month and in line with market expectations. Prices rose at a faster pace for both food and services. Still, inflation remained well below the central bank's target of 4 percent. Inflation Rate in Russia averaged 126.14 percent from 1991 until 2018, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January of 2018.

Russia Inflation Rate
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Russia Inflation Rate Picks Up from Record Low to 2.4%


Russia's consumer price inflation increased to 2.4 percent year-on-year in March 2018 from a record low of 2.2 percent in the previous month and in line with market expectations. Still, inflation remained well below the central bank's target of 4 percent.

Within the goods component, food inflation picked up to 1.3 percent from 0.9 percent in the previous month; while prices of non-food products rose by 2.4 percent, softer than a 2.5 percent gain in February. Also, cost of services went up by 3.9 percent in March, faster than a 3.7 percent increase in the precedent period.

Meanwhile, annual core inflation rate declined to a new all-time low of 1.8 percent in March from 1.9 percent in the previous month.

On a monthly basis, consumer prices increased by 0.3 percent, following a 0.2 percent gain in February and also matching market expectations. Prices rose faster for food (0.5 percent vs 0.4 percent in February) and non-food products (0.2 percent vs 0.1 percent) while services inflation was unchanged at 0.1 percent.


Federal State Statistics Service | Joana Ferreira |
4/6/2018 1:12:05 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-07 01:00 PM Inflation Rate YoY 2.2% 2.5% 2.3% 2.7%
2018-03-06 01:00 PM Inflation Rate YoY 2.2% 2.2% 2.3% 2.1%
2018-04-06 01:00 PM Inflation Rate YoY 2.4% 2.2% 2.4% 2.1%
2018-05-04 01:00 PM Inflation Rate YoY 2.4% 2.4%
2018-06-05 01:00 PM Inflation Rate YoY 2.3%
2018-07-06 01:00 PM Inflation Rate YoY 2.4%


Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.20 2333.30 2.20 percent [+]
Inflation Rate Mom 0.30 0.20 100.00 -0.50 percent [+]
Consumer Price Index CPI 555.80 554.20 555.80 0.10 Index Points [+]
Core Consumer Prices 100.10 100.10 103.50 100.10 Index Points [+]
Core Inflation Rate 1.80 1.90 17.50 1.80 percent [+]
GDP Deflator 107.50 105.21 137.44 43.41 Index Points [+]
Producer Prices 627.30 632.70 662.60 0.00 Index Points [+]
Producer Prices Change 4.80 5.70 33.70 -12.30 percent [+]
Food Inflation 1.10 0.50 26.10 -0.33 percent [+]


Russia Inflation Rate

In Russia, the most important categories in the consumer price index are food and non-alcoholic beverages (30 percent of the total weight) and transport (14 percent). The index also includes: clothing and footwear (11 percent); housing, water, electricity, gas and other fuels (11 percent); recreation and cultural activities (6 percent), alcoholic beverages and tobacco products (6 percent) and household appliances (6 percent). Health, communication, education, hotels, restaurants and other goods and services account for the remaining 16 percent of total weight. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.20 2333.30 2.20 1991 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Apr/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.50 Apr/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.10 Apr/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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