Inflation Russia 2017
Average inflation: 3.7%
Current Inflation
Inflation is high at 3.7%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.0%. The lowest inflation was in November at 2.5%.
- Highest month
- January: 5.0%
- Lowest month
- November: 2.5%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 7.6%. The lowest price increase was in Recreation and culture with an average of 1.8%.
- Highest increase
- Education: 7.6%
- Lowest increase
- Recreation and culture: 1.8%
Historical Context
Current inflation is 4.5% lower than the 5-year average of 8.2%. This approaches the lowest level since records began (3.7% in 2017).
- 5-year average
- 8.2%
- 10-year average
- 8.7%
- All-time high (1999)
- 92.7%
- All-time low (2017)
- 3.7%
Trend
Inflation shows a downward trend. Compared to 2016, inflation has fallen by +3.4 percentage point.
- Change vs. previous year
- -3.4 percentage points
- Largest monthly swing
- January: -4.8 percentage points
ECB Target
Inflation is 1.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 5.0% | -4.8 |
| February | 4.6% | -3.5 |
| March | 4.2% | -3.1 |
| April | 4.1% | -3.1 |
| May | 4.1% | -3.2 |
| June | 4.4% | -3.1 |
| July | 3.9% | -3.3 |
| August | 3.3% | -3.5 |
| September | 3.0% | -3.4 |
| October | 2.7% | -3.4 |
| November | 2.5% | -3.3 |
| December | 2.5% | -2.9 |
| Average | 3.7% |
Data source
Data from OECD. Last updated: 11/01/2026.