Inflation in Russia from July 7 to July 13 was 0.17%, with a… (инфляция · июль · июнь)
Inflation in Russia from July 7 to July 13 was 0.17%, with a year-on-year rate of 5.62%. This follows monthly rates of 0.31% (June 30–July 6), 0.22% (June 23–29), 0.25% (June 16–22), 0.15% (June 9–15), and 0.20% (June 2–8). The Rosstat agency reported these figures on Wednesday.
Consensus
- Analysts surveyed by the Central Bank of Russia increased their inflation forecast for 2026 to 6.2% from 5.3%.
- The GDP growth forecast for 2026 was slightly adjusted downward, with estimates at 0.6% in one source and a minor deterioration noted in another.
- Key interest rate forecasts were increased for 2026 (14.5%), 2027 (12.2%), 2028 (10%), and 2029 (8.6%) compared to previous estimates.
- Oil price forecasts for taxation purposes were reduced: $63/barrel in 2026, $58/barrel in 2027, with further reductions projected for 2028 and 2029.
- Ruble exchange rate forecasts for 2026 remained nearly unchanged at around 78.4 rubles per dollar.
Points of divergence
- The GDP growth forecast for the current year was slightly worsened by 0.1%. — vesti
- The GDP growth forecast for 2026 was revised to 0.6% from 0.7%. — interfax
- The ruble forecast for 2028 and 2029 years were slightly improved to 92.4 and 95.8 rubles per dollar respectively. — vesti
- The ruble forecast for 2028 was reduced to 92.4 from 94.3, and for 2029 to 95.8 from 97.8. — interfax
Coverage (3 sources)
- Inflation in Russia from July 7 to July 13 was 0.17%, year-on-year - 5.62% — Интерфакс
- Analysts Raise Inflation and Key Rate Forecasts for Russia — Вести
- Analysts surveyed by the Russian Central Bank significantly raised inflation forecast for 2026 — Интерфакс