Russia Inflation Rate

The inflation rate in Russia was recorded at 6.90 percent in March of 2014. Inflation Rate in Russia is reported by the Federal State Statistics Service. Inflation Rate in Russia averaged 147.69 Percent from 1991 until 2014, reaching an all time high of 2333.30 Percent in December of 1992 and a record low of 3.60 Percent in April of 2012. 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.90 6.20 2333.30 3.60 7.43 | 2014/06 1991 - 2014 Percent Monthly

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Russia Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-31 11:00 AM Russia
Inflation Rate YoY
Dec 2013 6.5% 6.5%
2014-02-05 12:00 PM Russia
Inflation Rate YoY
Jan 2014 6.1% 6.5 6.29%
2014-03-04 12:00 PM Russia
Inflation Rate YoY
Feb 2014 6.2% 6.1% 6.04%
2014-04-04 01:00 PM Russia
Inflation Rate YoY
Mar 2014 6.9% 6.2% 5.79%
2014-05-05 01:00 PM Russia
Inflation Rate YoY
Apr 2014 6.9% 7.32%
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Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 6.90 2014-03-31 6.20 2333.30 3.60 7.43 2014-06-30 Percent [+]
Consumer Price Index (CPI) 415.30 2014-03-15 411.20 415.30 0.10 418.51 2014-04-30 Index Points [+]
Core Inflation Rate 6.00 2014-03-15 5.60 15.03 4.28 5.67 2014-04-30 Percent [+]
GDP Deflator 155.63 2013-11-15 153.71 155.63 43.41 156.42 2014-03-31 Index Points [+]
Inflation Rate Mom 1.00 2014-03-15 0.71 100.00 -0.37 0.54 2014-04-30 Percent [+]
Producer Prices 496.70 2014-03-15 485.50 496.70 0.00 502.89 2014-04-30 Index Points [+]
Producer Prices Change 5.00 2014-03-15 3.20 33.70 -12.30 3.74 2014-04-30 Percent [+]
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Russia Inflation Rate Up to 9-Month High

In March of 2014, Russian annual inflation rate rose for the second straight month to 6.9 percent, up from 6.2 percent in February, driven by higher cost of milk, fruit, electricity and gas.

Year-on-year, the highest upward pressure came from prices of alcoholic beverages and tobacco (14 percent), followed by food prices (7.9 percent) and housing, water, electricity and gas (8.6 percent).

Among food prices, cost of butter, milk and fruit and vegetables rose the most on the year (22.9 percent, 17.4 percent and 15.9 percent, respectively). Electricity and gas prices increased 11.6 percent.

On a monthly basis, consumer prices accelerated 1 percent, up from a 0.7 percent rise in the previous month. Food prices surged 1.8 percent, while cost of services increased 0.5 percent and non-food prices rose 0.7 percent. 

Core inflation rate accelerated to an annual 6 percent from 5.6 percent in the previous month. 

Joana Taborda | joana.taborda@tradingeconomics.com
4/4/2014 2:27:35 PM

RECENT RELEASES

Russia Inflation Rate Edges Up Slightly in February
Russian annual inflation rate rose slightly to 6.2 percent in February of 2014, from 6.1 percent in the previous month, boosted by higher food and electricity cost. Published on 2014-03-04

Russia Inflation Rate Slows in January
In January of 2014, Russian inflation rate slowed to an annual 6.1 percent, after remaining steady at 6.5 percent in the previous two months, mainly due to lower food prices. Published on 2014-02-05


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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