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Analysts Raise Inflation Forecasts Due to Russian Budget

One of the strongest pro-inflationary factors is a 12% rise in housing and utility tariffs, which could add 0.5 percentage points to inflation in 2025...

Russia’s 2025 Budget Seen as Pro-Inflationary – Analysts

The 2025 budget boosts military spending by 25%, with the Russian Central Bank warning of fiscal risks to inflation.

Russia’s Central Bank Raises Rates to 19% as Inflation Ticks Up

“Growth in domestic demand is still significantly outstripping the capabilities to expand the supply of goods and services,” the bank said.

Russian Food Suppliers Warn of Price Hikes Up to 40%

Industry insiders blame high inflation and expensive loans, as well as the rising costs of shipping and raw materials.

Russian Inflation Rises Once Again in May

Increases in government expenditure have supported Russia's economy but also triggered surging prices and labor shortages.

Russia Holds Rates After Putin Urges Caution

Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.

Russia to Inspect Supermarket Chains for Egg Price Fixing

Among the major chains impacted by the inspections are the French-owned Auchan, stores operated by the X5 group, Magnit and Lenta.

Russian Inflation Unexpectedly Slows in December

The Kremlin hopes to present the economy as an area of strength ahead of presidential elections this March.

What Really Happened With Russia’s Economy in 2022?

While many analysts and observers expected the Russian economy to collapse under the weight of the Ukraine war and a flood of Western sanctions, the country...

Russia's Central Bank Warns of Labor Shortage Following Mobilization

The governor of Russia’s Central Bank, Elvira Nabiullina, warned on Friday that the country was facing a growing labor shortage following the conscription...

Belarus Leader Bans Price Rises to Tackle Inflation

Belarus President Alexander Lukashenko on Thursday banned price increases with immediate effect to curb galloping inflation in the former Soviet country...

Explainer: What Does Russia’s ‘Zero-Inflation’ Mean?

“Things are a lot worse than they are saying,” said one economist.

In Graphs: How Putin’s Invasion of Ukraine Impacted Russia

From attacks on local enlistment offices to the deaths of thousands of soldiers, here is how Russia has changed in 100 days of war.

Russian Shoppers Feel Pinch as Inflation Tops 16%

Inflation has been speeding up for months due to the post-pandemic recovery, high prices for raw materials, as well as sanctions and logistical challenges...

Russia Hikes Interest Rates Again, Warns of ‘Overheating’ Economy

The Central Bank raised its key rate to 9.5% as inflation pressures continued into the new year.

Russian Inflation Continues Surge Ahead of Central Bank Key Rate Decision

January prices rose by 8.73%, a six-year high, increasing pressure on household budgets.

Russian Artist Highlights Inflation Struggles With Food Portrait of Prime Minister

The food used to create Mishustin's portrait cost is worth the average increase in cost of living over the past year.

Ukraine Standoff Threatens to Derail Russia’s Domestic Battle Against Inflation

Even without invasion, the crisis is accentuating rising price pressures at home.

Russia’s 2021 Inflation More Than Double Official Target

Prices rose by 8.4% — a six-year high — as the Central Bank looks set to continue hiking interest rates.

Russia Sharply Hikes Rates in Desperate Battle With Inflation

The Central Bank has raised interest rates to their highest level in four years as inflation threatens fragile pandemic recovery.

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