The annual inflation rate in Russia rose to 4.9 percent in December of 2020 from 4.4 percent in the previous month, in line with preliminary estimates. It was the highest inflation rate since May of 2020 and remained well above the central bank's 4% target. Cost advanced faster for food products (6.7 percent vs 5.8 percent in November), non-food products (4.8 percent vs 4.5 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in November. source: Federal State Statistics Service
Inflation Rate in Russia averaged 114.90 percent from 1991 until 2020, 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. 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 February of 2021.
Inflation Rate in Russia is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Russia to stand at 3.50 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 3.50 percent in 2022 and 4.30 percent in 2023, according to our econometric models.