Inflation Russia 2002
Average inflation: 15.8%
Inflation in 2002
Inflation is very high at 15.8%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 19.0%. The lowest inflation was in June at 14.7%.
- Highest month
- January: 19.0%
- Lowest month
- June: 14.7%
- Difference
- 4.3 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 19.9 percentage points lower than the 5-year average of 35.7%. This approaches the lowest level since records began (14.8% in 1997).
- 5-year average
- 35.7%
- 10-year average
- 170.3%
- All-time high (1993)
- 839.2%
- All-time low (1997)
- 14.8%
Trend
Over the period 2000-2002, inflation shows a downward trend. Compared to 2001, inflation has fallen by 5.8 percentage points.
- Change vs. previous year
- -5.8 percentage points
- Largest monthly swing
- June: -9.0 percentage points
ECB Target
Inflation is 13.8 percentage points 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 RUB 100 this year will cost approximately RUB 115.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 19.0% | -1.7 |
| February | 17.7% | -4.5 |
| March | 16.8% | -6.9 |
| April | 16.0% | -8.8 |
| May | 15.9% | -8.9 |
| June | 14.7% | -9.0 |
| July | 15.0% | -7.0 |
| August | 15.1% | -5.8 |
| September | 14.9% | -5.1 |
| October | 14.8% | -4.0 |
| November | 15.1% | -3.5 |
| December | 15.1% | -3.5 |
| Average | 15.8% |
Data source
Data from OECD. Last updated: 24/11/2025.