EconomySharp rise in utility bills pushes Russia’s inflation further off target

Utility tariffs will rise again in October after a January increase, marking the first double hike in four years. The central bank says the move will drive annual inflation further above its 4% target as the economy faces pressure from war costs, sanctions and a 21% key interest rate.

Russiainflationutility tariffs

Eeuronews★★★☆☆2026-09-02 08:34Original