✉news BusinessBanking first seen 2 d ago, last 2 d ago, peak #29
Russia utility hikes push inflation above central bank's 2026 forecast
Original: Russia’s post-election utility hikes push annual inflation above the central bank’s 2026 forecast range
Russia has raised utility tariffs following parliamentary elections, pushing annual inflation above the range forecast by the central bank for 2026. The increases hit household costs for electricity, heating and water at a time when price growth was already elevated, complicating the bank's efforts to bring inflation back toward its target and raising questions about the outlook for monetary policy.
Why now: The tariff hikes and the breach of the central bank's inflation forecast are seen as signs that Russian price pressures are worsening despite official projections.
Evidence
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