Russia Inflation Rate 1991-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Russia was recorded at 15.80 percent in May of 2015. Inflation Rate in Russia averaged 140.91 percent from 1991 until 2015, 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. Inflation Rate in Russia is reported by the Federal State Statistics Service.

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Russia Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
15.80 16.40 2333.30 3.60 1991 - 2015 percent Monthly
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. Content for - Russia Inflation Rate - was last refreshed on Wednesday, July 1, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-06 02:00 PM Mar 16.9% 16.7% 16.8% 17.0%
2015-05-06 02:00 PM Apr 16.4% 16.9% 16.8% 17.0%
2015-06-04 02:00 PM May 15.8% 16.4% 15.9% 16%
2015-07-03 01:00 PM Jun 15.8% 15%
2015-08-04 01:00 PM Jul 15%
2015-09-04 01:00 PM Aug 14%


Russia Inflation Rate At 4-Month Low


Annual inflation rate in Russia slowed to 15.8 percent in May of 2015 from 16.4 percent in the previous month as increase in cost of food and housing eased.

Year-on-year, cost of food and non-alcoholic beverages rose by 22.4 percent from 24.4 percent in the previous month. Increase in transport prices eased to 11.9 percent (12 percent in April), recreation and culture rose at a slower 17.3 percent (from 17.7 percent) and cost of housing and utilities increased 9.7 percent, less than 10.3 percent in the previous month.

Month-on-month, inflation slowed for the fourth consecutive period to 0.4 percent, the lowest level since August last year. Food inflation eased to 0.1 percent (0.3 percent in the previous month) and nonfood inflation slowed to 0.5 percent (0.9 percent in April). In contrast, cost of services increased 0.5 percent compared with no change in April. 

The inflation rate has been on an upward trend since the beginning of 2014 and reached a 13-year high of 16.9 percent in March, fueled by the ruble depreciation and import restrictions that pushed import prices up. As a result, the Bank of Russia dramatically increased its key interest rate to 17 percent in December of 2014. Since then, the central bank has cut the rate three times to 12.5 percent as oil prices stabilized and the ruble gained more than 12 percent to the USD.

Joana Taborda | joana.taborda@tradingeconomics.com
6/4/2015 3:39:00 PM


Recent Releases

Russia Inflation Rate Slows in April
Russian annual inflation slowed for the first time in nine months to 16.4 percent in April from 16.9 percent in March. Figures came below market expectations due to lower cost of food and transport, after the ruble gained more than 10 percent against the USD during the month.
Published on 2015-05-06

Russia Inflation Rate Edges Up in March
Russian consumer prices rose 16.9 percent year-on-year in March of 2015, following a 16.7 percent increase in February. Yet, monthly inflation slowed for the second straight month to its lowest since October last year.
Published on 2015-04-06

Russia Inflation Rate Up to 13-Year High
Russian annual inflation rate increased further to 16.7 percent in February of 2015 from 15 percent in the previous month, due to higher food cost. It is the highest figure since March of 2002 when it was recorded at 16.8 percent.
Published on 2015-03-05

Russia Inflation Rate Up to 15%
Russian annual inflation rate accelerated for the sixth consecutive month to 15 percent in January of 2015 from 11.4 percent in December. It is the highest rate in more than six years as a weak rouble has been pushing import prices up.
Published on 2015-02-05


Russia Prices Last Previous Highest Lowest Unit
Inflation Rate 15.80 16.40 2333.30 3.60 percent [+]
Inflation Rate Mom 0.40 0.50 100.00 -0.37 percent [+]
Consumer Price Index CPI 489.80 487.80 489.80 0.10 Index Points [+]
Core Inflation Rate 17.10 17.50 17.50 4.28 percent [+]
GDP Deflator 173.86 165.98 173.86 43.41 Index Points [+]
Producer Prices 568.90 575.90 575.90 0.00 Index Points [+]
Producer Prices Change 13.40 15.00 33.70 -12.30 percent [+]
Food Inflation 22.40 24.40 26.10 -0.33 percent [+]
Core Consumer Prices 100.60 100.80 103.80 100.10 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 8.09 May/15 7.91 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]