Current inflation Россия 16.7%
March 2022
Current Inflation
Inflation is very high at 16.7%, far above the ECB target.
Historical Context
Inflation is 10.9 percentage points higher than the 5-year average of 5.8%.
- 5-year average
- 5.8%
- 10-year average
- 7%
- All-time high (1993)
- 839.2%
- All-time low (2018)
- 2.9%
Trend
Over the period 2020-2022, inflation shows an upward trend. Compared to 2021, average inflation in 2022 through March has risen by 4.8 percentage points.
ECB Target
Inflation is 14.7 percentage points 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 RUB 100 this year will cost approximately RUB 116.70 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2022 through March
- 11.5%
- Last year
- 6.7%
- 5-year average
- 5.8%
- All-time high (1993)
- 839.2%