FX.co ★ Russia Inflation Rate Eases to 7-Month Low

Russia's annual inflation rate eased for the third consecutive month, reaching 9.4% in June 2025—the lowest in seven months—down from 9.9% in May. Despite this decline, the rate remains significantly above the central bank's target of 4%. There was a slower increase in food prices at 11.9% compared to 12.5% in May, particularly in the category of fruits and vegetables, which saw a rise of 15.3% against the previous 19.8%. Meanwhile, the inflation rate for services decreased to 12.0% from 12.6%, and non-food items saw a marginal slowdown to 4.5% from 4.8%. On a month-to-month basis, consumer prices grew by 0.2% in June, compared to a 0.4% increase recorded in May.