Central Bank of Russia Governor Elvira Nabiullina stated at a press… (инфляция · набиуллин · годовой)
Central Bank of Russia Governor Elvira Nabiullina stated at a press conference following the Board of Directors' meeting on monetary policy that annual inflation may decline in July due to the postponement of utility tariffs indexing to October. 'However, for our decisions, stable inflation is more important.'
Consensus
- Annual inflation in Russia may temporarily decrease in July due to the deferral of utility tariff increases
- The deferral of tariff increases is expected to redistribute price growth within the year rather than reduce overall inflation
- The Central Bank lowered the key rate to 14.25% in June
- Inflation in June was 12.4%
Points of divergence
- The inflation rate in June was 12.4% and had decreased from 13% in May — kommersant
- The inflation rate in June was 5.6% as of mid-June — m24
- The Central Bank's forecast for inflation in 2026 is 4.5–5.5% — m24
Coverage (2 sources)
- Nabiullina Allows Temporary Decline in Annual Inflation in July — Коммерсантъ
- Nabiullina does not rule out decline in annual inflation due to deferral of utility tariff increases — Москва 24