In June, consumer prices in Russia showed a slowing trend across most regions, according to new data. Seventeen regions saw prices either decrease or remain unchanged, while 49 others experienced smaller price increases than the previous month. Some areas continued to report faster growth in prices.
Food inflation was moderate overall. Seasonal declines in fruit and vegetable prices were sharper than usual. The costs of eggs and butter continued to fall, as did sugar prices. In contrast, tea, coffee, and cacao became more expensive at a faster rate.
Non-food items such as household appliances and electronics saw notable price drops. This decline is attributed primarily to reduced demand linked to lower lending activity, as well as a stronger ruble.
Prices for services increased quickly but not as rapidly as in May. Notably, personal and medical services and foreign travel saw slower price rises compared with the previous month.
Annual inflation decreased in 68 Russian regions during June. According to the Bank of Russia, it will continue its policy of keeping interest rates high to slow price growth further. The central bank projects that annual inflation will return to 4% by 2026 and remain near that level afterwards.
More information on regional inflation trends can be found in materials published on the Bank of Russia’s website (https://www.cbr.ru/eng/analytics/dkp/inflation/inflation_territorial/).
"The Bank of Russia will continue to slow down the price growth, maintaining high interest rates. Annual inflation is forecast to return to 4% in 2026 and remain close to this level further on."