Russia Core Inflation Rate
Year-on-year change in consumer prices excluding food and energy.
Core Inflation Rate in Russia increased to 7.60 percent in Feb 2022 from 7.00 percent in Jan 2022.
Russia Core Inflation Rate — History
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Russia Core Inflation Rate — analysis in simple words
Latest reading
Core Inflation Rate in Russia increased to 7.60 percent in Feb 2022 from 7.00 percent in Jan 2022.
It has risen in each of the last three months.
Recent trend
A year earlier (Feb 2021) it was 4.3%, so the latest figure is 3.3 percentage points higher.
Over the past five years the average was 3.9%, with a range from 2.6% to 7.6%. The latest value is above that five-year average.
Historical context
This data series starts in Jan 2012 and has 122 monthly observations. The latest reading is higher than 82% of all of them.
The highest value on record is 15.1% (Sep 2015) and the lowest is 2.6% (Feb 2020). The long-run average is 6.1%.
Statistics
- Latest
- 7.6%Feb 2022
- Previous
- 7.0%
- 5-year average
- 3.9%
- Long-run average
- 6.1%since Jan 2012
- All-time high
- 15.1%Sep 2015
- All-time low
- 2.6%Feb 2020
- Observations
- 122Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Feb 2022 | 7.6% | ▲ +0.6 pp |
| Jan 2022 | 7.0% | ▲ +0.2 pp |
| Dec 2021 | 6.8% | ▲ +0.0 pp |
| Nov 2021 | 6.7% | ▲ +0.4 pp |
| Oct 2021 | 6.3% | ▲ +0.1 pp |
| Sep 2021 | 6.2% | ▲ +0.3 pp |
| Aug 2021 | 5.9% | ▲ +0.1 pp |
| Jul 2021 | 5.7% | ▲ +0.2 pp |
| Jun 2021 | 5.5% | ▲ +0.6 pp |
| May 2021 | 5.0% | ▲ +0.3 pp |
| Apr 2021 | 4.6% | ▲ +0.1 pp |
| Mar 2021 | 4.5% | ▲ +0.2 pp |
| Feb 2021 | 4.3% | ▲ +0.3 pp |
| Jan 2021 | 4.0% | ▲ +0.3 pp |
| Dec 2020 | 3.8% | ▲ +0.2 pp |
| Nov 2020 | 3.5% | ▲ +0.2 pp |
| Oct 2020 | 3.4% | ▲ +0.3 pp |
| Sep 2020 | 3.1% | ▲ +0.1 pp |
| Aug 2020 | 3.0% | ▲ +0.2 pp |
| Jul 2020 | 2.8% | ■ 0.0 pp |
| Jun 2020 | 2.8% | ▼ −0.2 pp |
| May 2020 | 3.0% | ▲ +0.1 pp |
| Apr 2020 | 2.9% | ▲ +0.1 pp |
| Mar 2020 | 2.7% | ▲ +0.1 pp |
| Feb 2020 | 2.6% | ▼ −0.1 pp |
| Jan 2020 | 2.7% | ▼ −0.6 pp |
| Dec 2019 | 3.2% | ▼ −0.2 pp |
| Nov 2019 | 3.4% | ▼ −0.0 pp |
| Oct 2019 | 3.4% | ▼ −0.1 pp |
| Sep 2019 | 3.6% |
Core Inflation Rate — Russia vs Peers
Latest available reading for each economy (periods may differ). Russia highlighted.
More Russia indicators
Understanding Core Inflation Rate — a simple guide
What it measures
The year-on-year change in consumer prices excluding food and energy, which can jump around because of weather, harvests and oil prices.
How it is calculated
The same method as headline CPI inflation, but the basket excludes food and energy items.
If headline inflation is 4% but food prices jumped, core inflation might be only 3%.
High core inflation means price rises are broad-based, not just caused by food or fuel.
Low core inflation suggests underlying price pressure is mild.
Why it matters for the economy and markets
Central banks watch core inflation to judge the underlying trend in prices. If core inflation stays high, interest rates are more likely to stay high too.
How to read it
Compare it with headline inflation: if headline falls because fuel got cheaper but core stays high, price pressure across the economy has not really eased.
What to look at alongside it
Headline inflation, wage growth and the policy rate.
Key terms
- Headline inflation
- Inflation of the full CPI basket.
- Core inflation
- Inflation excluding food and energy.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD CPI ex food & energy), monthly data from Jan 2012 to Feb 2022. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current core inflation rate of Russia?
What is the highest and lowest core inflation rate of Russia?
What does core inflation rate measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.