The Central Bank of Russia published a regional inflation update showing that price growth slowed in May across much of the country. In 47 of 85 regions, prices either rose more slowly than in April or declined, while the remaining regions mostly recorded moderate price increases. Annual inflation also slowed in most regions, and the bank reiterated that it will maintain tight monetary policy to bring inflation down to 4%. Food prices fell in 76 regions, led by fruit and vegetables becoming cheaper faster than the seasonal norm and continued declines in egg and dairy butter prices. Non-food goods prices, excluding petrol, rose at a moderate pace, with many items becoming cheaper. By contrast, price growth and demand for services remained high, driven mainly by personal and medical services and by seasonal increases in health resort trips and rail tickets ahead of the holiday period.
Central Bank of Russia2026-06-23
Central Bank of Russia reports price growth slowed or reversed in 47 of 85 regions in May
The Central Bank of Russia said inflation pressures eased in May across much of the country, with 47 of 85 regions seeing slower price growth than in April or price declines and annual inflation slowing in most regions. Food prices fell in 76 regions, while services inflation remained elevated. The bank reiterated that it will keep monetary policy tight to return inflation to 4%.