Business · Economy · 10 hrs ago
Russia’s third-quarter inflation came in slightly above expectations
Russia’s inflation in the third quarter was slightly higher than expected, a central bank official said.
Deputy Governor Alexey Zabotkin said September did not show a clear strengthening of inflation pressure, and price growth was lower than in July and August when adjusted for seasonal effects.
Annual inflation rose to 6.35% in September, up from 6.33% at the end of August, according to Russia’s statistics agency.
In July, the central bank had expected inflation for the quarter to be 6.3%.
The central bank will factor in the higher inflation background when it revises its forecast on October 23.
Its July forecast put inflation at 6% to 7% for all of 2026.
Russia’s third-quarter inflation was slightly above the Bank of Russia’s July forecast, Deputy Governor Alexei Zabotkin said.
The central bank will take the higher-than-expected inflation background into account when it updates its forecast on October 23.
Annual inflation rose to 6.35% in September from 6.33% at the end of August, according to Rosstat.
The Bank of Russia’s July forecast had put inflation at 6.3% for the third quarter and projected 6% to 7% for all of 2026.
Zabotkin said September’s seasonally adjusted overall price growth was lower than in July and August.
- Who
- The Bank of Russia; Deputy Governor Alexei Zabotkin reported the figures.
- What
- Third-quarter inflation was slightly above the central bank’s July forecast.
- When
- The third quarter of 2026; the update to the forecast is due October 23.
- Where
- Russia.
- Why
- The central bank will account for the higher-than-expected inflation background in its updated forecast.
This story does not have two clearly opposing sides.
The Bank of Russia forecast third-quarter inflation of 6.3%.
Annual inflation rose to 6.35%, from 6.33% at the end of August.
Zabotkin said third-quarter inflation was somewhat above the July forecast.
The Bank of Russia is due to update its forecast.
- September annual inflation
- 6.35%
- Annual inflation at end of August
- 6.33%
- July forecast for third-quarter inflation
- 6.3%
- 2026 annual inflation forecast
- 6% to 7%
- Forecast update
- October 23
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What people are saying
But compared with the July forecast, the third quarter as a whole probably turned out somewhat higher in terms of the inflation background, and this will be taken into account when the forecast is updated on October 23