⚠️ The decline in annual inflation observed in the first half of 2026 has come to a standstill, with an uptick in consumer price growth anticipated for the latter half of the year. Indicators of stable price growth are pointing to an overall increase in the inflationary environment. While the ruble's depreciation has primarily impacted select goods, its effects may soon extend further. The significant growth in the money supply in July raises notable inflationary concerns and indicates a loosening of monetary policy. Central Bank analysts emphasize that careful decision-making will be essential to meet the inflation target for 2027. release
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