Monthly inflation rate in Russia was 0.74% in May 2024. That is 0.24 more than it was in April 2024 and 0.43 more than in May 2023. At the same time, 2024 year to date inflation rate is 3.21% and year over year inflation rate is 8.29%.

In 2024 Russia ranks #1 in the world by yearly inflation rate.

Like in many other countries, inflation in Russia is calculated based on the Consumer Price Indexes (CPI) computed since 1991 as USSR was not officially measuring the inflation due to the planned economy.

Consumer Prices in this case are representing the prices that the end consumer has to pay for the product or service together with all taxes and fees.

Current Inflation Rate

Inflation rate in May 2024:
(month over month, MOM)
Inflation rate year to date, YTD:3.21%
Inflation rate in April 2024, MOM:0.50%
Inflation rate in May 2023, MOM:0.31%
Inflation rate in May 2023, YTD:2.38%
Inflation rate in 2023:7.42%
Last 12 months inflation rate:
(year over year, YOY)
Last 60 months inflation rate (5 years):41.96%
Last 120 months inflation rate (10 years):97.69%

Month over month inflation rate is calculated for just the subject month itself - from the first to the last day of that month:

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Month to month, % 0.86 0.68 0.39 0.50 0.74 3.21
2024 Russia Inflation Rate: Month to Month

Advanced charting and comparisons

Year to year inflation rate is calculated for 12 months: 11 months preceding the subject one and the subject month itself:

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Year over year (12 months), % 7.44 7.67 7.69 7.82 8.29 3.21
2024 Russia Inflation Rate: Year over Year

Advanced charting and comparisons

Progressive inflation rate is an incremental year to date inflation that sums rates from the beginning of the calendar year to the end of the subject month:

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Progressive (year to date), % 0.86 1.55 1.94 2.45 3.21 3.21
2024 Russia Progressive Inflation Rate

Advanced charting and comparisons

<- 2023 | 2024 |

More Info

There are more resources available about the inflation in Russia:

Hotlinking and Charts Reusing

All charts are regularly updated and can be hotlinked and used within third party web sites and blogs under a set of conditions. Also charts support parameters that help adjust the charts look and feel. For details on parameters and usage conditions please refer to the Charts API page.

About Data

All data and calculations are based on the official Consumer Price Indexes published monthly by the Federal State Statistics Service of Russian Federation (Rosstat).

Inflation data in Russia is published in two phases: on the 4th business day of the month, rounded to one digit and more detailed in the middle of the month, rounded to two decimal digits.

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