Headlines
Russian consumer price index falls for second consecutive week
Russian consumer price index falls for second consecutive week
Published by Global Banking and Finance Review
Posted on July 30, 2025
MOSCOW (Reuters) -Russia's consumer price index fell by 0.05% in the latest week, the state statistical agency said on Wednesday, marking a second consecutive week of deflation.
The decrease brought overall price growth this year to 4.51%, compared with 5.06% for the same period last year. Prices for fruits and vegetables fell by 4.1% during the week.
Last week, Russia recorded weekly deflation for the first time since September 2024.
On an annual basis, inflation slowed to 9.02%, down from 9.17%, in the previous week, the Economy Ministry said.
The central bank, which closely watches the weekly inflation gauge, cut its key rate by 200 basis points to 18% last week and lowered its 2025 inflation forecast to between 6% and 7% from between 7% and 8%.
(Reporting by Gleb BryanskiEditing by Mark Potter)
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