Development of inflation rates in Russia
The inflation rate for consumer prices in Russia moved over the past 26 years between 2.9% and 874.2%. For 2019, an inflation rate of 4.5% was calculated.
During the observation period from 1993 to 2019, the average inflation rate was 67.8%
per year. Overall, the price increase was 337,147.17 %. An item that cost 100 Rubel in 1993 was so charged 337,247.17 Rubel in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 874.2% in 1993 means, that compared to the previous year all prices have been increased by an average of 874.2%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Russia