The annual inflation rate in Russia remained steady at a one-year peak of 7.7% in March 2024, matching the market forecasts. Upward pressure came from prices of services (8.3% vs 8.5% in the previous month), food (8.1%) and non-food products (6.7% vs 6.6%). Meanwhile, the core inflation rate accelerated to 7.8% in March from 7.6% in the previous period, marking the highest reading in over a year. On a monthly basis, consumer prices increased by 0.4%, slowing from a 0.7% gain in February. source: Federal State Statistics Service

Inflation Rate in Russia remained unchanged at 7.70 percent in March. Inflation Rate in Russia averaged 103.84 percent from 1991 until 2024, 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 April of 2024.

Inflation Rate in Russia remained unchanged at 7.70 percent in March. Inflation Rate in Russia is expected to be 6.80 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 4.00 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-13 04:00 PM
Inflation Rate YoY
Feb 7.7% 7.4% 7.6% 7.5%
2024-04-10 04:00 PM
Inflation Rate YoY
Mar 7.7% 7.7% 7.7% 7.8%
2024-05-17 04:00 PM
Inflation Rate YoY
Apr 7.7% 7.6%


Related Last Previous Unit Reference
Consumer Price Index CPI 254.00 253.00 points Mar 2024
Core Consumer Prices 100.60 100.50 points Mar 2024
Core Inflation Rate 7.80 7.59 percent Mar 2024
Food Inflation 8.12 8.08 percent Mar 2024
GDP Deflator 125.06 120.23 points Sep 2023
Inflation Rate YoY 7.70 7.70 percent Mar 2024
Inflation Rate MoM 0.40 0.70 percent Mar 2024
PPI MoM 2.40 0.90 percent Mar 2024
Producer Prices 294.20 291.50 points Feb 2024
PPI YoY 19.10 19.50 percent Mar 2024

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
7.70 7.70 2333.30 2.18 1991 - 2024 percent Monthly

News Stream
Russia Inflation Steady, In Line with Expectations
The annual inflation rate in Russia remained steady at a one-year peak of 7.7% in March 2024, matching the market forecasts. Upward pressure came from prices of services (8.3% vs 8.5% in the previous month), food (8.1%) and non-food products (6.7% vs 6.6%). Meanwhile, the core inflation rate accelerated to 7.8% in March from 7.6% in the previous period, marking the highest reading in over a year. On a monthly basis, consumer prices increased by 0.4%, slowing from a 0.7% gain in February.
2024-04-10
Russia Inflation Rate Hits 1-Year High of 7.7%
The annual inflation rate in Russia sped up to a one-year high of 7.7% in February 2024, slightly exceeding market forecasts of 7.6% and moving further away from the central bank's target of 4%. Upward pressure came from prices of services (8.5% vs 8.1% in January); food (8.1%, the same as in January) and non-food products (6.6% vs 6.2%). Concurrently, the core inflation rate rose to 7.6% in February, the highest in a year, from 6.8% in the prior month. On a monthly basis, consumer prices increased by 0.7%, following a 0.9% rise in the prior month. Prices slowed a bit for food (0.8% vs 1.3%) and non-food products (0.3% vs 0.5%), but rose faster for services (1.1% vs 0.8%).
2024-03-13
Russia Inflation Rate Unchanged in January
The annual inflation rate in Russia remained unchanged at 7.4% in January 2024, defying market expectations of 7.3% reading and remaining above the central bank's target of 4%. Consumer prices rose at largely the same pace for services (8.1% vs 8.3%), food (8.1% vs 8.2%) and non-food goods (6.2% vs 6% in December). Meanwhile, the core inflation rate went up to 7.2% from 6.8%, marking the highest figure since the fade-away of base effects in February 2023. On a monthly basis, consumer prices increased by 0.9%, accelerating from 0.7% growth in the prior period.
2024-02-14