[Regnum] Annual inflation in Russia for the period from July 22 to July 28 fell to 9.02% compared to 9.17% in the previous week.
| Not enough to be meaningful, but better than a poke in the eye with a sharp stick… |
During the week from July 22 to July 28, 2025, deflation continued in the consumer market - prices fell by 0.05%. In particular, the decline in prices for food products continued (-0.24%) and the decline in prices for fruit and vegetable products accelerated.
"For other food products, prices changed by 0.09%. In the non-food segment, the rate of price growth decreased to 0.01%, in the observed services sector, price dynamics amounted to 0.15%," the review says.
Earlier, the Central Bank of Russia reduced the key rate from 20% to 18% per annum, and Rosstat recorded the first weekly deflation in 11 months - prices fell by 0.05%. The main factor in the price decline was the ripening harvest.
Economist Yuriy Lyandau noted in a conversation with IA Regnum that the price reduction is a temporary phenomenon related to seasonality. He emphasized that such an insignificant drop in cost does not indicate the beginning of a sustainable reduction in inflation, especially in the vegetable and fruit segment, where it is currently in season.
In addition, the strengthening of the ruble by almost a third since the beginning of the year has reduced the cost of imported goods. Thanks to this, smartphones, clothing and equipment have stopped becoming more expensive, and some items have even become cheaper, which also contributed to deflation.