Russian Federation Inflation Rate

Last Release

Nov 30, 2024

Actual

8.9

Units In

8.5

Frequency

Monthly

Next Release

Dec 29, 2024

Time to Release

16 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
2,333.3 Dec 1992	2.18 Feb 2018	101.91 %	1991-2024	Federal State Statistics Service

In Russia, the most important categories in the consumer price index are food and non-alcoholic beverages (30 percent of the total weight) and transport (14 percent). The index also includes: clothing and footwear (11 percent); housing, water, electricity, gas and other fuels (11 percent); recreation and cultural activities (6 percent), alcoholic beverages and tobacco products (6 percent) and household appliances (6 percent). Health, communication, education, hotels, restaurants and other goods and services account for the remaining 16 percent of total weight.

Latest Updates

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 fruit 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%.