On July 17, «INFO» published survey results commissioned by the…

On July 17, «INFO» published survey results commissioned by the Central Bank of Russia showing that Russian inflation expectations in June fell to 12.4%, down from 13% in May, setting a new low since July 2024. On June 10, Rosstat reported that annual inflation in Russia was 5.31% in May, compared to 5.58% in April.

Consensus

• Inflation in Russia slowed to 0.15% in the week of June 9-15, 2026
• Inflation expectations among Russians decreased to 12.4% in June 2026
• The survey was conducted between May 29 and June 10, 2026
• Inflation expectations were lower among those with savings compared to those without

Points of divergence

• Inflation in Russia for the month of June was 0.38% and for the year it was 3.68% — vedomosti
• The main contributors to weekly inflation were increases in prices for fruits and vegetables, including onions (up 7%), potatoes (up 5.2%), and cucumbers (up 3.3%) — vedomosti
• Prices for certain goods like ketchup, milk, and cheese decreased — vedomosti
• Inflation expectations were lower among those with savings compared to those without — interfax
• Inflation expectations were influenced by fuel prices and the ruble's exchange rate — interfax
• Inflation expectations for businesses have been declining for five months straight — interfax