EconomyRussia’s post-election utility hikes push annual inflation above central bank’s 2026 forecast range
Russia’s weekly inflation reached 0.96% from September 29 to October 5, and annual inflation rose to 7.1%, Rosstat said. Higher housing and utility charges that took effect on October 1 contributed to the increase. The annual rate is above the Bank of Russia’s 6–7% forecast range for 2026 and the Economic Development Ministry’s 6.8% forecast.
Russia’s post-election utility hikes push annual inflation above central bank’s 2026 forecast range