Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
In January, prices rose more than in December in all regions except the Chukotka Autonomous Okrug, where price growth slowed, and Kamchatka Krai, where prices rose as much as in December.
The increase is primarily due to increases in VAT, excise taxes, regulated tariffs, and fees. Furthermore, due to additional costs during severe frosts, including heating costs, vegetable prices in most regions increased significantly after an unusually low increase in November-December 2025. Also, in many regions, tariffs for housing services, public transportation, communications services, and cultural organizations increased due to one-time indexation.
According to the Bank of Russia's estimates, inflation will decline once these factors have been exhausted. This will be facilitated by monetary policy. According to the forecast, inflation will fall to 4.5–5.5% in 2026, reach 4% in 2027, and stabilize at the target thereafter.
For more information on inflation in each region, please seeinformation and analytical materials.
Preview photo: Kirill Kukhmar / TASS
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.