The downward trend in annual inflation observed during the first half of 2026 has ceased, with an acceleration in consumer price growth anticipated in the second half of the year. Indicators of stable price growth suggest an overall increase in the inflationary environment. Although the ruble's depreciation has primarily impacted certain goods to date, this effect may expand. The significant growth in money supply in July indicates considerable inflationary risks and a decline in monetary policy rigidity. Central Bank analysts emphasize that achieving the inflation target in 2027 will require prudent decision-making. release
September 1, 2026 2.3K 16
