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1
24.06.2026
Households’ inflation expectations decline in June
24 June 2026
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In June 2026, estimated inflation expected by households in one year
3
19.06.2026
influences inflation
The key rate and communication are the primary monetary policy tools. The Bank of Russia uses the key rate to affect inflation. This
2026
Expected inflation (one year) Expected inflation (one year), three-month average Expected inflation (five years)
Observed inflation Observed inflation, three-month average Annual inflation
Sources: InFOM,
5
29.05.2026
Inflation Expectations and Consumer Sentiment
Inflation Expectations and Consumer Sentiment
May 2026 April 2026 March 2026 February 2026 January 2026 December 2025 November 2025 October
6
26.05.2026
Household inflation expectations barely change in May
26 May 2026
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According to InFOM’s survey, one-year-ahead inflation expectations of households
FD MB MB MB
MBs' percentage in inflation % 2026 100 33 11 12 15 14 11 5
Inflation % YoY Apr26 5.6 5.4 5.
8
25.06.2026
July June April March February
December
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Inflation in Russia
Economy: Facts, Assessments and Comments
Inflation Expectations and Consumer Sentiment
Monetary Conditions and Monetary
9
24.06.2026
low inflation.
Key rate
Since 22.06.2026
14.25%
Inflation
May 2026
5.3%
Inflation target
4.0%
The Bank of Russia maintains inflation
10
24.06.2026
low inflation.
Key rate
Since 22.06.2026
14.25%
Inflation
May 2026
5.3%
Inflation target
4.0%
The Bank of Russia maintains inflation