Inflation Russia 2022
Average inflation: 11.5%
Current Inflation
Inflation is very high at 11.5%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 16.7%. The lowest inflation was in January at 8.7%.
- Highest month
- March: 16.7%
- Lowest month
- January: 8.7%
- Difference
- 8.0 percentage points
- Months with data
- 3 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 12.8%. The lowest price increase was in Communication with an average of 3.0%.
- Highest increase
- Food and non-alcoholic beverages: 12.8%
- Lowest increase
- Communication: 3.0%
Historical Context
Current inflation is 5.7% higher than the 5-year average of 5.8%.
- 5-year average
- 5.8%
- 10-year average
- 7%
- All-time high (2015)
- 15.6%
- All-time low (2018)
- 2.9%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +4.8 percentage point.
- Change vs. previous year
- +4.8 percentage points
- Largest monthly swing
- March: +10.9 percentage points
ECB Target
Inflation is 9.5% 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 €111.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 8.7% | +3.5 |
| February | 9.2% | +3.5 |
| March | 16.7% | +10.9 |
| Average | 11.5% |
Data source
Data from OECD. Last updated: 11/01/2026.Not all months available yet.