Higher inflation for longer in Russia
Annual CPI inflation by month (%)
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has been far
more persistent
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has remained far more
persistent through 2024 and 2025
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has remained far more
persistent through 2024 and 2025
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has remained far more
persistent through 2024 and 2025
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has been far
more persistent
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has remained far more
persistent through 2024 and 2025
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has remained far more
persistent through 2024 and 2025
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026
Russia invades Ukraine
Inflation spiked more
sharply in Russia than in
the west...
15%
...and has remained far more
persistent through 2024 and 2025
UK
10%
Russia
US
5%
Eurozone
0%
2021
2022
2023
2024
2025
2026