Russia's inflation hits 6.05% in August
Consumer prices decreased by 0.06% from August 4 to 10, following a decrease of 0.02% from July 28 to August 3, an increase of 0.04% from July 21 to 27, an increase of 0.17% from July 14 to 20, an increase of 0.17%, from July 7 to 13, and an increase of 0.31% from June 30 to July 6.
Consensus
- Annual inflation in Russia was 6.05% as of August 10, 2026.
- Consumer prices in Russia decreased by 0.06% from August 4 to 10, 10, 2026.
- The data on inflation and price changes were reported by Rosstat and the Ministry of Economic Development.
- The year-on-year inflation rate in July 2026 was lower than in June, according to Rosstat.
- The Ministry of Economic Development stated that the current inflation decline is due to balanced government and Central Bank policy.
Points of divergence
- In July 2026, inflation was 0.54%, and annual inflation dropped to 5.98% from 6.02% in June. — interfax
- In July 2026, prices for vegetables and fruits significantly decreased, with cucumbers down 18.0% and tomatoes down 14.0%. — interfax
- In July 2026, fuel prices rose sharply: gasoline by 6.5%, diesel by 9.2%, and gas motor fuel by 22.4%. — interfax
- In July 2026, meat prices rose by 6.1%, and sugar prices increased by 7.2%. — interfax
- In July 2026, services prices decreased for tourism on the Black Sea coast. — interfax
- The Central Bank of Russia raised its 2026 inflation forecast to 6–7% from 4.5–5.5%. — kommersant
- In the week of August 4–10, 2026, the biggest price drops were seen in potatoes (-3.3%), cabbage (-3.2%), and beets (-2.6%). — kommersant
- In the week of August 4–10 2026, sugar (+1.5%), buckwheat (+1.3%), and millet (+0.8%) saw the largest price increases. — kommersant
- The Ministry of Economic Development reported that inflation was 6.05% from August 4 to 10 based on updated Rosstat data. — vesti
- In the week of August 4 to 10, prices for food products fell by 0.04%, with faster declines in fruit and vegetable prices (up to 1.06%). — vesti
- In the week of August 4 to 19, non-food prices fell by 0.07%, and observed services prices dropped by 0.14%. — vesti
- The Minister of Economic Development, Maxim Reshetnikov, stated that inflation is not expected to rise despite economic growth acceleration. — vesti
Coverage (5 sources)
- Annual inflation in Russia amounted to 6.05% — Фонтанка
- Annual inflation in Russia amounted to 6.05% — Коммерсантъ
- Annual inflation in Russia from August 4 to 10 recorded at 6.05% — Вести
- In Russia in July inflation amounted to 0.54% — Интерфакс
- Rosstat recorded a second week in a row of price declines in Russia — Ведомости