The Central Bank of Russia reported that price growth slowed from June in almost two-thirds of Russian regions in July, largely reflecting seasonal food price movements and one-off factors in services. Fuel market disruptions affected regional price dynamics unevenly. Fruit and vegetable prices declined by less than is typical for July, while sugar and meat products recorded notable increases. Domestic tourism, dairy products, clothing and footwear became cheaper, but petrol and diesel prices continued to rise rapidly amid supply disruptions. Growth in medical and personal service prices also remained high because of the tight labor market.
2026-08-19Central Bank of Russia
Central Bank of Russia reports slower July price growth in nearly two-thirds of regions
The Central Bank of Russia reported slower July price growth in almost two-thirds of regions, driven mainly by seasonal food movements and one-off service factors. Fuel prices continued to rise rapidly amid supply disruptions, while domestic tourism and several product categories became cheaper.