Inflation Russia 2003
Average inflation: 13.7%
Current Inflation
Inflation is very high at 13.7%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 14.8%. The lowest inflation was in December at 12.0%.
- Highest month
- February: 14.8%
- Lowest month
- December: 12.0%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 19.2% lower than the 5-year average of 32.9%. This approaches the lowest level since records began (13.7% in 2003).
- 5-year average
- 32.9%
- 10-year average
- 87.7%
- All-time high (1993)
- 839.2%
- All-time low (2003)
- 13.7%
Trend
Inflation shows a downward trend. Compared to 2002, inflation has fallen by +2.1 percentage point.
- Change vs. previous year
- -2.1 percentage points
- Largest monthly swing
- January: -4.7 percentage points
ECB Target
Inflation is 11.7% 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 €113.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 14.3% | -4.7 |
| February | 14.8% | -2.9 |
| March | 14.8% | -2.0 |
| April | 14.6% | -1.4 |
| May | 13.6% | -2.3 |
| June | 13.9% | -0.8 |
| July | 13.9% | -1.1 |
| August | 13.3% | -1.8 |
| September | 13.3% | -1.6 |
| October | 13.2% | -1.6 |
| November | 12.5% | -2.6 |
| December | 12.0% | -3.1 |
| Average | 13.7% |
Data source
Data from OECD. Last updated: 24/11/2025.