⚠️🇷🇺 #inflation #monetarypolicy #Russia
THE DECREASING TREND IN ANNUAL INFLATION IN THE FIRST HALF OF 2026 HAS BEEN INTERRUPTED, WITH AN ACCELERATION IN CONSUMER PRICE GROWTH EXPECTED IN THE SECOND HALF OF THE YEAR.
THE RISE IN SUSTAINED PRICE GROWTH INDICATES AN INCREASE IN THE OVERALL INFLATIONARY BACKDROP.
THE WEAKENING OF THE RUBLE HAS ONLY MANIFESTED ITSELF IN RISING PRICES FOR SELECTED GOODS SO FAR, BUT IT COULD EXPAND IN THE FUTURE.
THE CONTINUED HIGH GROWTH OF THE MONEY SUPPLY IN JULY SUGGESTS SIGNIFICANT INFLATIONARY RISKS AND A SOFTENING OF MONETARY POLICY TIGHTNESS.
RETURNING INFLATION TO THE TARGET IN 2027 IN RUSSIA REQUIRES CAREFULLY CONSIDERED SOLUTIONS.
- ANALYSTS AT THE CENTRAL BANK
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