The annual inflation rate in Russia rose to 3.6 percent in August of 2020 from 3.4 percent in the previous month and above market expectations of 3.5 percent, though remaining below the central bank's 4 percent target. It was the highest inflation rate since October 2019, pushed up by prices of food products (4.3 percent vs 4.2 percent in July), non-food products (3.4 percent vs 3.1 percent) and services (2.7 percent vs 2.5 percent). On a monthly basis, consumer prices showed no growth, after a 0.4 percent gain in July and in line with market consensus.

Inflation Rate in Russia averaged 116.19 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 September of 2020. source: Federal State Statistics Service