Translation. Region: Russian Federation –
Source: Central Bank of Russia
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In February, the impact of tax and administrative measures on the growth of prices for goods and services decreased.
Price increases have slowed for a wide range of goods whose price dynamics depend more on demand than on one-off factors. Some continued to decline in price (clothing and underwear, knitwear, footwear, and communications equipment).
At the same time, prices for medical and household services increased sharply in February. Demand for these services remains higher than the capacity of service and medical companies, whose growth potential is severely limited by the current labor market situation.
According to the Bank of Russia's forecast, given the current monetary policy, annual inflation will decline to 4.5–5.5% in 2026, and will remain close to 4% in 2027 and beyond.
For more details, see the Bank of Russia's analytical commentary. Inflation in Russia.
Preview photo: Oleg Elkov / TASS
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