Among the former G8 countries, Russia has by far the highest cumulative inflation rate since January 2020, almost double the amount of inflation we’ve seen in the US and in most G7 countries. No doubt the effects of the wartime economy are contributing to this, but even in February 2022 before they invaded Ukraine, their inflation still had clearly been worse.
The US is on the high end for this group, but pretty close to the median. Japan looks really good on inflation, but that’s probably not much comfort to them since their economy is still smaller than before the pandemic. By this measure, the US looks pretty good (chart from Joey Politano):
GDP estimates for Russia are a little tricky because of the war, but according to IMF estimates, Russia’s economy in 2023 was about 5.6% larger than 2019 in real terms.
See also: Food Inflation in the G7 and Russia
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