Inflation in Russia

Russia Inflation | Economic News & Forecasts

Russia - Inflation

Inflation ticks down to 20-month low in February

In February, consumer prices rose 0.3% over the previous month, down slightly from January’s 0.4% increase. According to Rosstat, the overall increase was led by higher prices for services, and fruits and vegetables, while prices for both non-food goods and food products excluding fruits and vegetables remained unchanged from the previous month.

Inflation ticked down to 2.3% in the second month of the year, from 2.4% in January, marking the 11th consecutive month of falling inflation and the new lowest reading since June 2018. Lastly, annual average inflation dipped to 4.0% in Febraury, from 4.3% in the first month of the year.

FocusEconomics panelists see inflation ending 2020 at 3.5%, which is down 0.2 percentage points from last month’s forecast. For 2021, participants project inflation to end the year at 3.7%.

Russia - Inflation Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %)7.8  15.5  7.1  3.7  2.9  

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Russia Inflation Chart


Russia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.

Russia Facts

Value Change Date
Bond Yield6.230.13 %Dec 30
Exchange Rate62.03-0.12 %Dec 30

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