Russian Federation Inflation Rate

Last Release

Mar 31, 2024

Actual

7.7

Units In

7.7

Frequency

Monthly

Next Release

May 17, 2024

Time to Release

1 Months 4 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
2,333.3 Dec 1992	2.18 Feb 2018	103.84 %	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 remained steady at a one-year peak of 7.7% in March 2024, matching the market forecasts. Upward pressure came from prices of services (8.3% vs 8.5% in the previous month), food (8.1%) and non-food products (6.7% vs 6.6%). Meanwhile, the core inflation rate accelerated to 7.8% in March from 7.6% in the previous period, marking the highest reading in over a year. On a monthly basis, consumer prices increased by 0.4%, slowing from a 0.7% gain in February.