The inflation rate in Russia was recorded at 7.60 percent in May of 2014. Inflation Rate in Russia averaged 146.65 Percent from 1991 until 2014, reaching an all time high of 2333.30 Percent in December of 1992 and a record low of 3.60 Percent in April of 2012. Inflation is low, which is good for GDP, as consumer spending is high, and money holds its worth. Also, Russia has invaded Ukraine, its neighboring country, hoping to once again take control of Ukraine's agricultural power. As Russia cannot compete in the agricultural market, it invades Ukraine to settle the land. Ukraine produces most of the wheat of Europe, and Russia will gain significant power by taking control. Russian troops are still in Ukraine, and the outcome is undecided.