---
title: "Russian consumer price inflation and cost of living trend 2022 to 2026"
analysis_id: "aaS3zVusa6DQwpCdBC2z"
model: accounts/fireworks/models/deepseek-v4p1-flash
success: true
---

# Data analysis: Russian consumer price inflation and cost of living trend 2022 to 2026

Model: DeepSeek V4.1 Flash
Checked on: 14/10/2026

## Findings

##### Russian consumer price inflation & cost of living, 2022–2026

**Data note:** Detailed monthly Russian CPI micro-data in the OECD price database stops in **March 2022** (collection halted after the invasion of Ukraine). Eurostat does not publish Russian HICP — its ENP-East CPI table lists a `RU` code but contains **no Russian observations** (only Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine). The continuous 2022–2026 picture therefore comes from the **OECD Economic Outlook (No. 119)** database, which carries a Russian CPI index.

###### Headline inflation (annual average, % change)

| Year | YoY inflation | Status |
| --- | --- | --- |
| 2022 | **+13.8 %** | actual |
| 2023 | **+5.9 %** | actual |
| 2024 | **+8.5 %** | actual |
| 2025 | **+8.7 %** | estimate |
| 2026 | **+6.5 %** | projection |
| 2027 | **+4.6 %** | projection |

Source: OECD Economic Outlook 119 CPI index, converted to growth rates[^8]. The vintage check confirms the framing: EO 117 (May-2025) carried 2025–2026 as projections, while the latest EO 119 has extended the horizon to 2027, making 2025 a near-final estimate and 2026–2027 projections.

###### Cost-of-living index (2021 = 100)

| 2021 | 2022 | 2023 | 2024 | 2025 | 2026\* | 2027\* |
| --- | --- | --- | --- | --- | --- | --- |
| 100.0 | 113.8 | 120.5 | 130.6 | 142.0 | 151.2 | 158.2 |

This implies the general price level rose by about **+51 % between 2021 and 2026** (and \~+58 % by 2027).

###### The trend in words

- **2022 – the shock year.** Inflation had already been climbing through 2021 (monthly YoY went from \~3.6 % in Aug-2020 to 8.7 % in Jan-2022). After the February 2022 invasion and sanctions, the monthly rate jumped to **16.7 % YoY in March 2022**, the last month in the detailed series[^11].
- **2023 – disinflation.** Inflation fell back to \~5.9 %, the low point of the period.
- **2024–2025 – renewed pressure.** Inflation re-accelerated to \~8.5 % in 2024 and \~8.7 % in 2025, keeping the cost of living on a steep upward path.
- **2026–2027 – gradual easing (projected).** The OECD expects inflation to moderate to \~6.5 % in 2026 and \~4.6 % in 2027, but this is a *projection* and even then prices would remain well above their 2021 level[^8].

A two-panel chart (monthly + annual inflation, and the cost-of-living index, with the projection window shaded) was generated in .

**Caveat:** the 2026 figure the user asked about is a forecast, not an observed outcome; actual 2026 data are not yet available in these databases, and Russian data coverage in OECD/Eurostat products has been limited since 2022.

[^8]:
    [OECD dataset: Economic Outlook 119](https://data-explorer.oecd.org/vis?lc=en&df%5Bds%5D=dsDisseminateFinalDMZ&df%5Bid%5D=DSD_EO%40DF_EO&df%5Bag%5D=OECD.ECO.MAD)

[^11]:
    [OECD dataset: Consumer price indices (CPIs, HICPs), COICOP 1999](https://data-explorer.oecd.org/vis?lc=en&df%5Bds%5D=dsDisseminateFinalDMZ&df%5Bid%5D=DSD_PRICES%40DF_PRICES_ALL&df%5Bag%5D=OECD.SDD.TPS)