Russia Inflation Rate Rises as Expected

2026-09-11 16:18 By Larissa Caser 1 min. read

Russia's annual inflation rate rose to 6.3% in August 2026, its highest level since November of 2025, up from 6% in the previous month and matching markets expectations.

Food inflation rose to 5% from 4.4% while non-food cost growth also inched higher to 6.5% from 6.4%.

Motor gasoline inflation slowed to 24.6% from 25.9%, although remaining elevated as Ukrainian attacks on Russian energy infrastructure hampered its refining capacity.

In turn, inflation for passanger transports rose further to 10.7% from 9.1% in the prior month, while services inflation edged up to 7.9% from 7.8%.

Core inflation also rose to 5.4% from 5.2%, reaching its highest level in seven months.

Meanwhile, inflation for utilities remained largely unchanged at 1.6%.

Compared to the previous month, consumer prices fell 0.1%, reversing a 0.5% rise in the prior month.



News Stream
Russia Inflation Rate Rises as Expected
Russia's annual inflation rate rose to 6.3% in August 2026, its highest level since November of 2025, up from 6% in the previous month and matching markets expectations. Food inflation rose to 5% from 4.4% while non-food cost growth also inched higher to 6.5% from 6.4%. Motor gasoline inflation slowed to 24.6% from 25.9%, although remaining elevated as Ukrainian attacks on Russian energy infrastructure hampered its refining capacity. In turn, inflation for passanger transports rose further to 10.7% from 9.1% in the prior month, while services inflation edged up to 7.9% from 7.8%. Core inflation also rose to 5.4% from 5.2%, reaching its highest level in seven months. Meanwhile, inflation for utilities remained largely unchanged at 1.6%. Compared to the previous month, consumer prices fell 0.1%, reversing a 0.5% rise in the prior month.
2026-09-11
Russia Inflation Holds Steady in July
Russia’s annual inflation rate held at 6.0% in July 2026, matching June’s reading and remaining at its highest level since January. Motor gasoline inflation accelerated sharply to 25.9% from 19.9%, while passenger transport inflation rose to 9.1% from 6.8%, amid a severe fuel shortage as Ukrainian drone attacks disrupted refinery output. Core inflation rose to 5.2% from 5.0%, while goods inflation accelerated to 5.3% from 4.3%, driven by faster food price growth (4.4% vs 3.4%). In contrast, services inflation eased to 7.8% from 10.6%, driven by softer inflation for utilties (1.7% vs 15.1%) and housing (10.1% vs 12.1%). On a monthly basis, consumer prices rose 0.5% in July, slowing from a 0.9% increase in June.
2026-08-12
Russia Inflation Rate Rises to 5-Month High
The headline inflation rate in Russia rose to 6.0% in June of 2026 from 5.3% in the previous month, the highest since January, and contrasting with most major economies that are seeing consumer inflation slow after the initial surge driven by the war in the Middle East. Inflation for motor gasoline was at 19.9% in the period, aligned with Russia's most aggressive fuel shortage since the end of the Soviet Union. The global supply shock due to export halts from the Middle East were magnified with a series of Ukrainian drone attacks on Russian refineries. In the meantime, inflation remained high for services at 10.6%. On the other hand, food inflation was low compared to other sectors of the economy, at 3.4%. From the previous month, the Russian CPI rose by 0.9%.
2026-07-10