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Russia's Above Target Inflation Clouds Path for New Rate Cuts

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Inflation in Russia in September 2026 was 0.35% after seasonal deflation of 0.08% in August, inflation of 0.54% in July, 0.87% in June, 0.17% in May

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Inflation data for September in the Russian economy revealed that the disinflation process faced significant resistance after the temporary relief in August. Following the seasonal price declines in August, consumer prices rose again in September, increasing by 0.3% on a monthly basis. Annual inflation remained unchanged at 6.3%. This stagnation indicates a period where the base effect is weakening and price pressures are spreading across the ec…

Inflation in Russia in September was 0.35 per cent in monthly terms after deflation of 0.08 per cent in August, 6.35 per cent in annual terms, compared to 6.33% a month earlier, . . . . 09.10.2026, PRIM

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Interfax.ru broke the news on Friday, October 9, 2026.
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