Currently, Russia's CPI inflation is at 6.6 % recorded in December of 2012. In the past 10 years Russia averages a 156.05 % percent inflation with an all time high of 2333 % in 1992 and an all time low in April of 2012 with a CPI of 3.6%.Their price index basket includes mainly food and non-alcoholic beverages.
The fall of the Soviet Union in December of 1991 is directly related the insane amount of inflation in 1992. Before the dissolution of the SU the Russian Federation cntributed to 60 % of all of the Soviet's GDP.
In 1998, the world economic crisis severely damaged Russian economy because of falling prices and low exports of oil and other energy sources that serve as 80% of all exports. This caused great pressure on the ruble, the Russian currency, and created massive inflation. Workers would be paid with bartered goods rather than currency.
Russia recovered quiet well as oil prices began to rise in 1999-2000
Russian government predicts stable growth rates for future years of 3.4% GDP.
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