Inflation Russia 2016
Average inflation: 7.1%
Inflation in 2016
Inflation is very high at 7.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 9.8%. The lowest inflation was in December at 5.4%.
- Highest month
- January: 9.8%
- Lowest month
- December: 5.4%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 9.9%. The lowest price increase was in Communication with an average of 2.3%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 9.9%
- Lowest increase
- Communication: 2.3%
Historical Context
Inflation is 1.4 percentage points lower than the 5-year average of 8.5%.
- 5-year average
- 8.5%
- 10-year average
- 9.3%
- All-time high (1999)
- 92.7%
- All-time low (2012)
- 5.1%
Trend
Over the period 2014-2016, inflation has remained relatively stable. Compared to 2015, inflation has fallen by 8.5 percentage points.
- Change vs. previous year
- -8.5 percentage points
- Largest monthly swing
- March: -9.6 percentage points
ECB Target
Inflation is 5.1 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 107.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 9.8% | -5.2 |
| February | 8.1% | -8.6 |
| March | 7.3% | -9.6 |
| April | 7.2% | -9.2 |
| May | 7.3% | -8.5 |
| June | 7.5% | -7.8 |
| July | 7.2% | -8.4 |
| August | 6.8% | -9.0 |
| September | 6.4% | -9.3 |
| October | 6.1% | -9.5 |
| November | 5.8% | -9.2 |
| December | 5.4% | -7.5 |
| Average | 7.1% |
Data source
Data from OECD. Last updated: 13/01/2026.