The Central Bank of Russia reported that product prices declined in two-thirds of Russian regions in August compared with July, while service prices fell in a majority of regions. Seasonal arrivals of the new crop drove notable fruit and vegetable price declines, although the decrease was slightly smaller than usual, and cheese and dairy prices continued to fall. Nonfood prices rose in most regions, but the pace slowed in two-thirds of them as motor fuel price increases decelerated considerably. Summer ruble depreciation raised prices for communication devices, electronics and computers. Domestic tourism and passenger transport prices continued to decline, while growth in personal and health care service prices eased but remained high.
2026-09-18Central Bank of Russia
Central Bank of Russia reports broad regional price declines in August as nonfood increases slow
The Central Bank of Russia reported that product prices fell in two-thirds of regions in August, while service prices declined in a majority. Nonfood prices continued to rise in most regions, though more slowly, with ruble depreciation lifting electronics prices as motor fuel price growth decelerated.