The downward trend in Russia's annual inflation during the first half of 2026 has come to a halt, with forecasts indicating a potential acceleration in consumer price growth in the latter half of the year. Stable price growth indicators are rising, pointing to an uptick in the overall inflation environment. The weakening of the ruble has so far impacted only specific goods, but experts warn this could spread to broader sectors. July’s notable growth in money supply raises concerns over inflationary pressures and diminishes the effectiveness of current monetary policy. Central Bank analysts suggest that meeting the 2027 inflation target will require careful and strategic decision-making. release
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