The Bank of Russia has raised its forecast for inflation in the Russian Federation for the current year to 7.1-7.6%. In 2027-2029, the regulator expects inflation of 4%. This is reported in the materials of the Bank of Russia following the meeting of the Board of Directors, which maintained the key rate at 14% per annum.
In the third quarter of 2026, the current seasonally adjusted price growth averaged 8% year-on-year, compared with 4.8% in the previous quarter. The same core inflation rate rose to 6.2% from 4.5% in the second quarter.
Volatile positions, primarily motor fuel, continued to influence price dynamics. Annual inflation, estimated on October 19, was 6.8% and will be in the range of 7.1–7.6% by the end of the year, the regulator emphasizes.
