Inflation Russia 2021
Average inflation: 6.7%
Current Inflation
Inflation is very high at 6.7%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 8.4%. The lowest inflation was in January at 5.2%.
- Highest month
- November: 8.4%
- Lowest month
- January: 5.2%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 9.6%. The lowest price increase was in Communication with an average of 0.1%.
- Highest increase
- Food and non-alcoholic beverages: 9.6%
- Lowest increase
- Communication: 0.1%
Historical Context
Current inflation is 2.5% higher than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 6.4%
- All-time high (2002)
- 15.8%
- All-time low (2018)
- 2.9%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +3.3 percentage point.
- Change vs. previous year
- +3.3 percentage points
- Largest monthly swing
- October: +4.1 percentage points
ECB Target
Inflation is 4.7% 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 €106.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 5.2% | +2.8 |
| February | 5.7% | +3.4 |
| March | 5.8% | +3.3 |
| April | 5.5% | +2.4 |
| May | 6.0% | +3.0 |
| June | 6.5% | +3.3 |
| July | 6.5% | +3.1 |
| August | 6.7% | +3.1 |
| September | 7.4% | +3.7 |
| October | 8.1% | +4.1 |
| November | 8.4% | +4.0 |
| December | 8.4% | +3.5 |
| Average | 6.7% |
Data source
Data from OECD. Last updated: 11/01/2026.