Business · Economy · 15 hrs ago
Fuel drove faster price growth in Russia in the third quarter
The Bank of Russia said fuel was a main driver of price growth in Russia in the third quarter of 2026.
Seasonally adjusted price growth averaged 8% at an annualised rate, up from 4.8% in the second quarter.
Core inflation, which tracks price changes excluding some volatile items, rose to 6.2% from 4.5%.
The bank said volatile prices, especially motor fuel, continued to affect the overall picture.
Annual inflation was 6.8% as of October 19, according to the bank.
It expects inflation to be between 7.1% and 7.6% by the end of 2026.
These figures show price growth was running faster than in the previous quarter, and the bank’s forecast points to a further rise in annual inflation by year-end.
The Bank of Russia said motor fuel was the main volatile factor driving price dynamics in Russia in the third quarter of 2026.
Seasonally adjusted price growth averaged 8.0% at an annualised rate in the quarter, up from 4.8% in the second quarter.
Core inflation rose to 6.2% from 4.5% over the same comparison.
Annual inflation stood at 6.8% as of 19 October 2026.
The Central Bank expected inflation to reach 7.1% to 7.6% by the end of 2026.
- Who
- The Bank of Russia reported on price dynamics and inflation.
- What
- Motor fuel was the main volatile factor driving price dynamics in the third quarter of 2026.
- When
- The third quarter of 2026; annual inflation was reported as of 19 October 2026.
- Where
- Russia.
- Why
- The Central Bank said volatile components, primarily motor fuel, affected price dynamics.
This story does not have two clearly opposing sides.
Seasonally adjusted price growth averaged 4.8% at an annualised rate, and core inflation was 4.5%.
Seasonally adjusted price growth averaged 8.0% at an annualised rate, and core inflation rose to 6.2%.
Annual inflation stood at 6.8%.
The Central Bank expected annual inflation to be 7.1% to 7.6%.
- Seasonally adjusted price growth in Q3
- 8.0% annualised
- Seasonally adjusted price growth in Q2
- 4.8% annualised
- Core inflation in Q3
- 6.2%
- Annual inflation on 19 October 2026
- 6.8%
- End-2026 inflation forecast
- 7.1% to 7.6%
What people are saying
In 2026 Q3, the current seasonally adjusted price growth averaged 8.0% in annualised terms compared to 4.8% in 2026 Q2.
The similar indicator of core inflation rose to 6.2% from 4.5% in 2026 Q2.
Price dynamics were still affected by volatile components, primarily motor fuel.
As of 19 October 2026, annual inflation stood at 6.8% and is expected to come in at 7.1-7.6% as of the end of 2026.