Inflation Russia 2018
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in December at 4.3%. The lowest inflation was in January at 2.2%.
- Highest month
- December: 4.3%
- Lowest month
- January: 2.2%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 9.3%. The lowest price increase was in Miscellaneous goods and services with an average of 1.5%.
- Highest increase
- Education: 9.3%
- Lowest increase
- Miscellaneous goods and services: 1.5%
Historical Context
Current inflation is 4.5% lower than the 5-year average of 7.4%. This approaches the lowest level since records began (2.9% in 2018).
- 5-year average
- 7.4%
- 10-year average
- 7.6%
- All-time high (1999)
- 92.7%
- All-time low (2018)
- 2.9%
Trend
Inflation shows a downward trend. Compared to 2017, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- January: -2.8 percentage points
ECB Target
Inflation is 0.9% 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 €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 2.2% | -2.8 |
| February | 2.2% | -2.4 |
| March | 2.4% | -1.8 |
| April | 2.4% | -1.7 |
| May | 2.4% | -1.7 |
| June | 2.3% | -2.1 |
| July | 2.5% | -1.4 |
| August | 3.1% | -0.2 |
| September | 3.4% | +0.4 |
| October | 3.5% | +0.8 |
| November | 3.8% | +1.3 |
| December | 4.3% | +1.8 |
| Average | 2.9% |
Data source
Data from OECD. Last updated: 13/01/2026.