The annual inflation rate in Russia rose to 4.4% in November of 2020 from 4% in the prior month, above market expectations of 4.3% and the central bank's 4% target. It was the highest inflation rate since July of 2019, as cost advanced faster for both food products (5.8% vs 4.8% in October) and non-food products (4.5% vs 4.2%). Meantime, services inflation remained steady (at 2.5%). On a monthly basis, consumer prices went up 0.7%, following a 0.4% rise in October and beating market expectations of a 0.6% increase. source: Federal State Statistics Service
Inflation Rate in Russia averaged 115.22 percent from 1991 until 2020, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 2.20 percent in January 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 December of 2020.
Inflation Rate in Russia is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Russia to stand at 3.40 in 12 months time. In the long-term, the Russia Inflation Rate is projected to trend around 3.50 percent in 2021 and 4.30 percent in 2022, according to our econometric models.