Inflation Russia 2008
Average inflation: 14.1%
Current Inflation
Inflation is very high at 14.1%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 15.1%. The lowest inflation was in January at 12.6%.
- Highest month
- May: 15.1%
- Lowest month
- January: 12.6%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 2.8% higher than the 5-year average of 11.3%.
- 5-year average
- 11.3%
- 10-year average
- 22.1%
- All-time high (1993)
- 839.2%
- All-time low (2007)
- 9%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +5.1 percentage point.
- Change vs. previous year
- +5.1 percentage points
- Largest monthly swing
- May: +7.3 percentage points
ECB Target
Inflation is 12.1% 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 €114.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 12.6% | +4.4 |
| February | 12.7% | +5.1 |
| March | 13.3% | +5.9 |
| April | 14.3% | +6.7 |
| May | 15.1% | +7.3 |
| June | 15.1% | +6.6 |
| July | 14.7% | +6.0 |
| August | 15.0% | +6.4 |
| September | 15.1% | +5.8 |
| October | 14.2% | +3.4 |
| November | 13.8% | +2.3 |
| December | 13.3% | +1.4 |
| Average | 14.1% |
Data source
Data from OECD. Last updated: 24/11/2025.