Inflation rate in Russia
Annual inflation in Russia was 6.4% in September 2026: consumer prices compared with the same month a year earlier. The month before, it was 6.3%.
Inflation by month in Russia
Monthly figures: national statistics compiled by the Bank for International Settlements (consumer prices, change on a year earlier).
Inflation by year in Russia
| Year | Inflation |
|---|---|
| 2025 | 8.7% |
| 2024 | 8.4% |
| 2023 | 5.9% |
| 2022 | 13.7% |
| 2021 | 6.7% |
| 2020 | 3.4% |
| 2019 | 4.5% |
| 2018 | 2.9% |
| 2017 | 3.7% |
| 2016 | 7.0% |
| 2015 | 15.5% |
| 2014 | 7.8% |
| 2013 | 6.8% |
| 2012 | 5.1% |
| 2011 | 8.4% |
| 2010 | 6.8% |
| 2009 | 11.6% |
| 2008 | 14.1% |
| 2007 | 9.0% |
| 2006 | 9.7% |
| 2005 | 12.7% |
| 2004 | 10.9% |
| 2003 | 13.7% |
| 2002 | 15.8% |
| 2001 | 21.5% |
Yearly figures: World Bank, inflation, consumer prices (annual %).
The real interest rate is the central bank’s policy rate minus the latest inflation rate: a plain difference, not a forecast.
Frequently asked questions
What is the inflation rate in Russia?
Annual inflation in Russia was 6.4% in September 2026 (consumer prices compared with a year earlier).
What was the inflation rate in Russia in 2025?
Inflation in Russia was 8.7% in 2025 (World Bank, consumer prices, annual average).
What was the inflation rate in Russia in 2020?
Inflation in Russia was 3.4% in 2020 (World Bank, consumer prices, annual average).
What was the inflation rate in Russia in 2015?
Inflation in Russia was 15.5% in 2015 (World Bank, consumer prices, annual average).
What is the real interest rate in Russia?
The policy rate is 14.00% and inflation 6.4%, so the real interest rate is about 7.6%.
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