Russia's headline annual inflation rate eased to a four-month low of 5.6% in April 2026 from 5.9% previously and below the expected 5.8%. Still, inflation remains well above the CBR’s target of 4%. Price growth moderated for food products (4% vs 5% in March), helped by a steeper decline in the prices of fruits and vegetables (-6.6% vs -2.3%). Meanwhile, services inflation remained elevated (9.9% vs 10%) and prices for non-food products picked up (3.9% vs 3.5%), mainly on account of automobile gasoline (12.3%); medicines (9.1%) and tobacco (7.5%). On a monthly basis, the CPI edged up by 0.1% in April, following a 0.6% rise in March, slightly below market forecasts of a 0.3% increase. source: Federal State Statistics Service

Inflation Rate in Russia decreased to 5.60 percent in April from 5.90 percent in March of 2026. Inflation Rate in Russia averaged 98.05 percent from 1991 until 2026, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.18 percent in February of 2018. This page provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Inflation Rate in Russia decreased to 5.60 percent in April from 5.90 percent in March of 2026. Inflation Rate in Russia is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Inflation Rate is projected to trend around 4.10 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-10 04:00 PM
Inflation Rate YoY
Mar 5.9% 5.9% 5.8% 5.9%
2026-05-15 04:00 PM
Inflation Rate YoY
Apr 5.6% 5.9% 5.8% 5.9%
2026-06-10 04:00 PM
Inflation Rate YoY
May 5.6% 5.7%


Related Last Previous Unit Reference
Consumer Price Index CPI 297.20 296.60 points Apr 2026
Core Consumer Prices 100.25 100.54 points Apr 2026
Core Inflation Rate 4.96 5.03 percent Apr 2026
Food Inflation 4.02 4.97 percent Apr 2026
GDP Deflator 144.55 143.12 points Dec 2025
Inflation Rate YoY 5.60 5.90 percent Apr 2026
Inflation Rate MoM 0.10 0.60 percent Apr 2026
PPI MoM 6.10 2.00 percent Apr 2026
Producer Prices 334.10 315.10 points Apr 2026
PPI YoY 5.50 -1.80 percent Apr 2026


Russia Inflation Rate
In Russia, the most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (30% of the total weight) and Transport (14%). Clothing & Footwear accounts for 11%, Housing, Water, Electricity, Gas, & Other Fuels for 11%, Recreation & Culture for 6%, Alcoholic Beverages & Tobacco for 6% and Household Appliances for 6%. Health, Communication, Education, Restaurants & Hotels and Miscellaneous Goods & Services account for 16% of the total weight.
Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.90 2333.30 2.18 1991 - 2026 percent Monthly

News Stream
Russia Inflation Rate Lower than Anticipated
Russia's headline annual inflation rate eased to a four-month low of 5.6% in April 2026 from 5.9% previously and below the expected 5.8%. Still, inflation remains well above the CBR’s target of 4%. Price growth moderated for food products (4% vs 5% in March), helped by a steeper decline in the prices of fruits and vegetables (-6.6% vs -2.3%). Meanwhile, services inflation remained elevated (9.9% vs 10%) and prices for non-food products picked up (3.9% vs 3.5%), mainly on account of automobile gasoline (12.3%); medicines (9.1%) and tobacco (7.5%). On a monthly basis, the CPI edged up by 0.1% in April, following a 0.6% rise in March, slightly below market forecasts of a 0.3% increase.
2026-05-15
Russia Inflation Holds at 5.9% in March
Russia's headline annual inflation rate remained unchanged at 5.9% in March 2026 compared to February, slightly above forecasts of 5.8%. The strongest price increases were recorded in services at 10% and food products at 5%. Within food, fruit and vegetable products led gains at 7.4%. Amid Middle East oil supply concerns, gasoline prices rose 2.3%. Housing prices increased 2.2% and utilities 5.1%, with gas supply up 2.1%. On a monthly basis, the Russian CPI rose 0.6% following a 0.7% increase in February.
2026-04-10
Russia Inflation Refrains from Declining Sharply
The headline inflation rate in Russia eased to 5.9% on February of 2025 from 6% in the previous month, ahead of market expectations of 5.7% to reflect consistent inflationary pressures for the Russian economy. The result was loosely aligned with signals by the Bank of Russia that inflation would remain elevated at the start of the year due to higher VAT and excise taxes, although the figures momentarily challenges the monetary authority's forecast that the headline rate would hold around the 4.5%-5.5% mark this year. Costs rose sharply for services (9.9%), offsetting softer inflation for foods (5.4%), and non-food products (3.2%). From the previous month, consumer prices rose 0.7%.
2026-03-13