The annual inflation rate in Russia stood at 9.1% in August 2024, the steepest since February 2023, unchanged from July, but slightly above forecasts of 9%. Prices continued to quicken for services (11.7% vs 11.4% in July) and remained elevated for food products (9.7%, the same as in July). Meanwhile, prices slowed for non-food products (6.1% vs 6.7%). On a monthly basis, consumer prices rose by 0.2% in August, decelerating from a 1.1% increase in the prior month and matching market estimates. source: Federal State Statistics Service
Inflation Rate in Russia remained unchanged at 9.10 percent in August. Inflation Rate in Russia averaged 102.63 percent from 1991 until 2024, 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 September of 2024.
Inflation Rate in Russia remained unchanged at 9.10 percent in August. Inflation Rate in Russia is expected to be 8.00 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 4.00 percent in 2025, according to our econometric models.