Inflation in Russia

Russia Inflation | Economic News & Forecasts

Russia - Inflation

Inflation hits highest level since October 2019 in August

Consumer prices recorded zero growth in August over the previous month, coming in below the 0.35% rise seen in July. Falling prices for goods and food products were balanced out by rising prices for services. August's result marked the in prices since September 2019.

Inflation came in at 3.6% in August, up from July’s 3.4%. August's reading marked the highest inflation rate since October 2019 amid higher food prices. Meanwhile, the trend was unchanged with annual average inflation coming in at July's 3.2% in August. Core inflation ticked up to 3.1% from the previous month's 3.0%.

FocusEconomics panelists see inflation ending 2020 at 3.8%, which is unchanged from last month’s forecast. For 2021, participants project inflation to end the year at 3.5%.

Russia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)15.5  7.1  3.7  2.9  4.5  

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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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