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Russian weekly inflation holds at 0.17%, annual rate climbs to 5.84%
Interfax·RU·2 days ago
Elvira Nabiullina has formally linked domestic fuel shortages to rising costs across a wide range of goods and services. This admission highlights the structural impact of supply-side constraints on Russia's inflation trajectory, though the extent of the fuel deficit's duration remains uncertain.
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The Bank of Russia has confirmed a key interest rate cut to 14.0%, projecting industrial capacity recovery by year-end 2026, despite acknowledging fuel supply constraints are driving broad inflationary pressure. Concurrently, the European Union is experiencing divergent inflation trends, with some member states mitigating price growth while others face persistent volatility due to global factors.