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2025
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,
62
29.10.2025
Households’ inflation expectations remain unchanged
29 October 2025
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In October 2025, one-year-ahead inflation expectations of households did not change against
63
27.10.2025
of Russia pursues tight monetary policy aimed at bringing inflation down to 4%. More details on inflation in each Russian region are available in the
INFLATION BY GROUP OF GOODS AND SERVICES
(PP)............................................................................................................................................................................................................................................................................................................................................................................................................................................. Table 8
Fruit and Inflation over Non-core
Food products Non-food goods Services Core inflation
vegetables period, % inflation
65
15.10.2025
Annual inflation continues to decelerate
15 October 2025
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Over the past 12 months, prices in Russia went up by 8.
66
14.10.2025
Talking Trends: underlying inflation remains above 4%
14 October 2025
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In September, seasonally adjusted monthly price growth was accelerated, driven
2025
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,
68
24.09.2025
Inflation expectations decline
24 September 2025
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In September 2025, estimated inflation expected by households in one year decreased to 12.
inflation to the target in 2026. Further key
rate decisions will depend on the sustainability
of the decrease in inflation and changes in
ANNUAL INFLATION
70
18.09.2025
decline, annual inflation in August stayed considerably above the target. The Bank of Russia’s monetary policy is aimed at bringing annual inflation back to