Inflation Russia 2020
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 4.9%. The lowest inflation was in February at 2.3%.
- Highest month
- December: 4.9%
- Lowest month
- February: 2.3%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Health with an average of 6.4%. The lowest price increase was in Clothing and footwear with an average of 1.6%.
- Highest increase
- Health: 6.4%
- Lowest increase
- Clothing and footwear: 1.6%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 4.3%.
- 5-year average
- 4.3%
- 10-year average
- 6.5%
- All-time high (2001)
- 21.6%
- All-time low (2018)
- 2.9%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-1.1 percentage point).
- Change vs. previous year
- -1.1 percentage points
- Largest monthly swing
- February: -2.9 percentage points
ECB Target
Inflation is 1.4% 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 €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 2.4% | -2.6 |
| February | 2.3% | -2.9 |
| March | 2.5% | -2.8 |
| April | 3.1% | -2.1 |
| May | 3.0% | -2.1 |
| June | 3.2% | -1.5 |
| July | 3.4% | -1.2 |
| August | 3.6% | -0.7 |
| September | 3.7% | -0.3 |
| October | 4.0% | +0.2 |
| November | 4.4% | +0.9 |
| December | 4.9% | +1.9 |
| Average | 3.4% |
Data source
Data from OECD. Last updated: 11/01/2026.