Russian Federation: Inflation, GDP deflator (annual %)
In , Russian Federation's Inflation, GDP deflator (annual %) was 9.28.
That's up 16.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Russian Federation ranks #28 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #5 of 52.
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 24.46
- Trough
- 0.90
- 1-year change
- +16.0%
- 5-year change
- +184.3%
- +23.2% / yr
- 10-year change
- +23.8%
- +2.2% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 9.2757 | |
| 7.9986 | |
| 18.1847 | |
| 18.2091 | |
| 0.8982 | |
| 3.2631 | |
| 9.9980 | |
| 5.3498 | |
| 2.8442 | |
| 7.2497 |
About Inflation, GDP deflator (annual %)
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Indicator code: NY.GDP.DEFL.KD.ZG • Category: Economy
Frequently asked questions
- What was Russian Federation's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Russian Federation's Inflation, GDP deflator (annual %) was 9.28, according to World Bank Open Data.
- Is Russian Federation's Inflation, GDP deflator (annual %) rising or falling?
- Russian Federation's Inflation, GDP deflator (annual %) rose 16.0% from 2023 to 2024.
- How does Russian Federation rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Russian Federation ranked #28 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Russian Federation's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Russian Federation is below the world average. Within Europe & Central Asia, it ranks #5 of 52.
- What is Inflation, GDP deflator (annual %) and how is it measured?
- Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG), CC BY 4.0.