Inflation rates by country and year

0%6.9%13.8%20.8%27.7%47.8%874.2%
0%6.9%13.8%20.8%27.7%47.8%874.2%
1993874.2%
200911.6%
20258.7%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate8.7%

Behind the curve

Turning points in Russian Federation

  1. 1993↑ Upward pressure

    Price liberalisation and hyperinflation — Wikipedia (opens in a new tab)

    Russia's switch to free prices in January 1992, as part of the shock-therapy reforms, unleashed a burst of hyperinflation. The annual rise in consumer prices peaked in 1993 before the Central Bank of Russia and the government began to bring monetary growth under control.

    World Bank · Inflation, consumer prices (annual %) – Russian Federation
  2. 1998↑ Upward pressure

    The 1998 default and ruble devaluation — Wikipedia (opens in a new tab)

    The government defaulted on its debt and the ruble was devalued in August 1998. The currency collapse pushed import prices sharply higher, and the resulting inflation peaked the following year before the economy began to recover.

    World Bank · Inflation, consumer prices (annual %) – Russian Federation
  3. 2009↕ Mixed effects

    The global crisis and oil-price collapse — Wikipedia (opens in a new tab)

    The global financial crisis and a collapse in oil prices cut Russia's export revenues and triggered a sharp ruble depreciation in late 2008. Inflation eased from its 2008 peak, but the weaker currency kept price pressures elevated through 2009.

    World Bank · Inflation, consumer prices (annual %) – Russian Federation
  4. 2014↑ Upward pressure

    Sanctions, falling oil and the ruble crisis — Wikipedia (opens in a new tab)

    Western sanctions after the annexation of Crimea and a sharp fall in oil prices triggered a run on the ruble in late 2014. The devaluation fed through to consumer prices, and inflation climbed to a post-2000 peak in 2015 before monetary tightening brought it back down.

    Bank of Russia · Monetary policy
  5. 2020↓ Downward pressure

    The pandemic and the 2020 oil shock — Wikipedia (opens in a new tab)

    Lockdowns and a brief collapse in oil demand weakened activity and consumer demand in 2020. Russian inflation eased that year, before the recovery and supply disruptions of 2021 turned price pressures upward again.

    Bank of Russia · Monetary policy
  6. 2022↑ Upward pressure

    The invasion of Ukraine and sanctions — Wikipedia (opens in a new tab)

    The February 2022 invasion and the sanctions that followed triggered a sharp depreciation of the ruble and disrupted imports. Consumer prices surged in 2022 before capital controls and tighter policy steadied the currency and inflation gradually eased.

    Bank of Russia · Monetary policy

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Russian Federation?

The annual inflation rate in Russian Federation was 8.7% in 2025, the most recent year in the World Bank dataset. That means prices rose 8.7% on average compared with the year before. Use the chart above to explore Russian Federation's full inflation history from 1993 to 2025, and to compare it with any other country.

How inflation in Russian Federation has changed

Inflation in Russian Federation peaked at 874.2% in 1993 and reached its lowest point at 2.9% in 2018. Averaged across the 33 years of available data (1993–2025), the rate has been 54.9% per year.

Frequently asked questions about inflation in Russian Federation

What is the current inflation rate in Russian Federation?

The latest available annual figure is 8.7% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Russian Federation's statistical office.

What was the highest inflation rate in Russian Federation?

The highest annual inflation rate on record is 874.2%, reached in 1993.

What was the lowest inflation rate in Russian Federation?

The lowest annual inflation rate on record is 2.9%, recorded in 2018.

Where does the inflation data for Russian Federation come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.