Russian analysts named the expected inflation rate for the year

Against the backdrop of an acceleration in price growth in July-September and a shift in stable inflation to the range of 5-6 percent, it is expected that at the end of the year inflation will range from 7.0 to 7.5 percent, according to the investment strategy for the fourth quarter, prepared by leading analysts at Alfa Investments.

“In June, prices rose mainly due to rising fuel prices; in the following months, this factor led to increased company costs, increased inflation expectations and demand. The wave of ruble weakening also had an impact,” they write, noting that inflation pressure is likely to remain elevated in October-December. The authors forecast Russian economic growth at approximately 0.5 percent.

It became known the day before that prices in Russia, against the backdrop of indexation of housing and communal services tariffs from October 1, increased by 0.96 percent in the week to October 5, and annual inflation exceeded 7 percent.

As follows from the Ministry of Finance’s projections, by the end of 2026 the figure is expected to be 6.8 percent.