Inflation Russia 1998
Average inflation: 27.3%
Current Inflation
Inflation is very high at 27.3%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 84.4%. The lowest inflation was in July at 5.6%.
- Highest month
- December: 84.4%
- Lowest month
- July: 5.6%
- Difference
- 78.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 115.2% lower than the 5-year average of 142.5%.
- 5-year average
- 142.5%
- 10-year average
- 258.6%
- All-time high (1993)
- 839.2%
- All-time low (1997)
- 14.8%
Trend
Inflation shows a downward trend. Compared to 1997, inflation has fallen by +12.5 percentage point.
- Change vs. previous year
- +12.5 percentage points
- Largest monthly swing
- December: +73.4 percentage points
ECB Target
Inflation is 25.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €127.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 10.1% | -9.6 |
| February | 9.4% | -8.9 |
| March | 8.6% | -8.1 |
| April | 8.0% | -7.3 |
| May | 7.5% | -7.1 |
| June | 6.4% | -8.1 |
| July | 5.6% | -9.1 |
| August | 9.6% | -5.2 |
| September | 52.2% | +38.1 |
| October | 58.8% | +45.9 |
| November | 66.8% | +55.3 |
| December | 84.4% | +73.4 |
| Average | 27.3% |
Data source
Data from OECD. Last updated: 24/11/2025.