FX.co ★ Russian Inflation Eases from 2-Year High

In April 2025, Russia's annual inflation rate eased slightly to 10.2%, down from the two-year high of 10.3% recorded the previous month, thus ending a streak of five consecutive increases. This result aligns with the Bank of Russia's indications that, while inflation is expected to remain elevated, the associated risks are diminishing thanks largely to an extended period of high interest rates. The highest price increases were noted in services, at 12.9%, and food products, at 12.7%. On the other hand, inflation for goods excluding food was significant yet remained below the overall consumer basket average at 9.3%. Compared to the prior month, Russian consumer prices rose by 0.4%.