Inflation by years in the Russian Federation. Indicators and trends

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:41

From this material readers will learn about inflation, its rates and features in the Russian Federation. In addition, the article provides statistical indicators based on data from authorized bodies. For example, the figures provided by Rosstat. Analysis of inflation by years makes it possible to evaluate the most important economic processes and make certain forecasts for the future.

What is inflation?

But first you need to understand the essence of the concept itself. Inflation is an increase in the cost of goods and services. As a rule, this phenomenon is caused by an overabundance of cash money supply in circulation. This, in turn, causes the devaluation of the national currency and a decrease in the standard of living of the population. These processes are mainly influenced by the actions of public authorities in the social sphere and the economy.

Thus, with the adoption of relevant laws and the signing of decrees by authorized institutions, a decrease in inflation rates is possible. In addition, effective measures can lead to deflation, which is the process of reducing the price of goods and services. And this, in turn, leads to an increase in the purchasing power of consumers.

Inflation in Russia

The level of growth in prices for goods and services in Russia is recorded and published by the Federal State Statistics Service. It is abbreviated as Rosstat. Inflation by years, by the way, has been recorded and analyzed in the Russian Federation only since 1991. In the Soviet Union, the increase in the price level and the devaluation of the national currency were not determined by official state bodies.

It should be noted that everyone can get Rosstat data on inflation by years on the official website of the organization by going to the appropriate section of the portal. Rosstat collects and analyzes statistical indicators in all regions of the Russian Federation. The institution uses this data to create comparative tables and charts that show inflation by year. In addition, it must be emphasized that the current price level is compared with the data of the previous month or year.

Inflation rates in Russia in different years

The Federal State Statistics Service presented data showing that inflation rates in December 2016 amounted to 0.4%. They were at the same mark in November and October. In other words, Rosstat confirmed its preliminary forecast for the December inflation rate. It should be noted that the assessment for the year was already announced earlier and was fully justified. Inflation in 2016 was 5.4%. This figure is a record low in the recent history of the country.

It would be nice to saythat in this case, the inflation rate indicates a decrease in real incomes of the population. This trend has been observed for the third year in a row. Moreover, in 2016, the rate of decline in citizens' incomes increased to 6% compared to 3.2% in 2015. In 2014, this figure was 0.7%. In addition, attention should be paid to the inflation rate in previous years. So, in 2011 it was 6.1%, in 2012 - 6.6%, in 2013 - 6.5%, and in 2014 - 11.4%. In 2015 inflation was 12.9%.

Rise in the price level in 2017

To analyze inflation in 2017, you can use official information provided by Rosstat experts. They are offered in the form of graphs, tables and diagrams. So, according to official information from this institution, the annual inflation rate in the Russian Federation in 2017 amounted to 3.33%. In addition, you can find more detailed information that illustrates the dynamics of price increases in each month of 2017. You can also see inflation by year and compare indicators of the increase in the cost of goods and services in a given period of time. On the Rosstat website, all this information is presented in a convenient form.