Russian Federation Inflation Rate

Last Release

Jan 31, 2025

Actual

9.9

Units In

9.5

Frequency

Monthly

Next Release

Mar 12, 2025

Time to Release

23 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
2,333.3 Dec 1992	2.18 Feb 2018	101.45 %	1991-2025	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 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%.