The annual inflation rate in Russia rose to 9.9% in January of 2025 from 9.5% in the previous month, the highest since base effects from Russia’s invasion of Ukraine kicked in in February 2023. The result was in line with the Bank of Russia’s warning that inflation would approach the 10% threshold at the turn of the year amid a weaker ruble, a labor force crisis forced by military mobilization, and soaring levels of deficit spending that drove OFZ yields to surge. From the previous month, Russian consumer prices rose by 1.2%. source: Federal State Statistics Service

Inflation Rate in Russia increased to 9.90 percent in January from 9.50 percent in December of 2024. Inflation Rate in Russia averaged 101.45 percent from 1991 until 2025, 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 March of 2025.

Inflation Rate in Russia increased to 9.90 percent in January from 9.50 percent in December of 2024. Inflation Rate in Russia is expected to be 10.50 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 4.50 percent in 2026 and 4.00 percent in 2027, according to our econometric models.


Created with Highcharts 10.1.0Chart context menu


Calendar GMT Reference Actual Previous Consensus TEForecast
2025-01-15 04:00 PM
Inflation Rate YoY
Dec 9.5% 8.9% 9.7% 9.5%
2025-02-14 04:00 PM
Inflation Rate YoY
Jan 9.9% 9.5% 10% 9.9%
2025-03-12 04:00 PM
Inflation Rate YoY
Feb 9.9% 10.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 276.20 272.80 points Jan 2025
Core Consumer Prices 110.00 109.40 points Jan 2025
Core Inflation Rate 9.32 8.93 percent Jan 2025
Food Inflation 11.13 11.05 percent Jan 2025
GDP Deflator 134.26 133.46 points Sep 2024
Inflation Rate YoY 9.90 9.50 percent Jan 2025
Inflation Rate MoM 1.20 1.30 percent Jan 2025
PPI MoM 0.50 0.40 percent Jan 2025
Producer Prices 321.80 319.00 points Jan 2025
PPI YoY 9.70 7.90 percent Jan 2025

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
9.90 9.50 2333.30 2.18 1991 - 2025 percent Monthly


News Stream
Russian Inflation Rises to 2-Year High
The annual inflation rate in Russia rose to 9.9% in January of 2025 from 9.5% in the previous month, the highest since base effects from Russia’s invasion of Ukraine kicked in in February 2023. The result was in line with the Bank of Russia’s warning that inflation would approach the 10% threshold a...t the turn of the year amid a weaker ruble, a labor force crisis forced by military mobilization, and soaring levels of deficit spending that drove OFZ yields to surge. From the previous month, Russian consumer prices rose by 1.2%. more
2025-02-14
Russia Inflation Rises To Near 3-Year High
The annual inflation rate in Russia rose sharply to 9.5% in December of 2024 from 8.9% in the previous month, the highest since base effects from Russia’s invasion of Ukraine kicked in in February 2023. The result was aligned with the Bank of Russia’s warning that inflation would rise sharply this y...ear due to a weak ruble, a labor force crisis forced by the military mobilization, and soaring levels of deficit spending that drove OFZ yields to surge. Inflation was elevated for food products (11.1%) amid higher prices of vegetables (22.1%), and services (11.5%). In turn, inflation was lower for non-food products (6.1%). In the meantime, low refining capacity in the country continued to lift prices for motor gasoline (11.1%). more
2025-01-15
Russian Inflation Higher than Expected at 8.9%
The annual inflation rate in Russia rose to 8.9% in November 2024, up from a five-month low of 8.5% in the prior month and surpassing market forecasts of 8.7%. Higher prices were recorded for services (+11.4% vs. +11.3% in October) and food (+9.9% vs. +9%), notably butter (+34.1% vs +29.7%) and frui...t and vegetables (+18.7% vs +13.5%). Meanwhile, non-food product price growth remained steady at 5.7%. On a monthly basis, consumer prices rose by 1.4% in November, the most since April 2022, slightly above market estimates of 1.3%. more
2024-12-11