Statistics agency Rosstat released information about inflation rates.
In the heart of Moscow, the conversation around inflation has been a persistent one. As of June 30, 2025, the inflation rate in Russia has shown distinct patterns across specific sectors, according to a review published by RIA "Novyi Den."
The food sector, in particular, has been a cause for concern. Inflation in food products remains notably high compared to other sectors. Last April, food inflation was recorded at about 12.4% to 12.66% year-on-year, signaling persistent inflationary pressures in this sector. Fruit and vegetable products have seen the highest price increase, up 15.72% compared to last year. Gasoline prices have also risen by 11.50%, and the segment of food products has experienced the most significant increase in inflation, at 11.98%.
Contrastingly, prices for non-food goods have decreased more noticeably under the effect of tight monetary policy and a stronger ruble. This moderation in inflation in the non-food sector is a testament to the Bank of Russia's monetary tightening since April 2025.
Inflationary pressures in services, like food, remain high and have not eased as much as in non-food goods. This suggests that the services sector continues to experience relatively strong price increases as of mid-2025.
Overall, Russia’s annual inflation rate moderated to about 9.9% in May 2025 from 10.2% in April, its softest in four months. However, with uneven price dynamics across sectors, the Central Bank of Russia’s tightening monetary policy has been more effective in tempering non-food inflation than food and services, where inflation pressures persist.
In summary:
| Sector | Inflation Trend as of Mid-2025 | |----------------|------------------------------------------| | Food Products | High and persistent inflation (~12.4-12.7%) | | Non-Food Goods | Moderating prices due to monetary tightening | | Services | Inflation pressures remain elevated |
This sectoral disparity reflects the complex impacts of monetary policy, ruble appreciation, and ongoing demand and supply factors in the Russian economy. As we move forward, it will be interesting to see how these trends continue to evolve.
Finance and business sectors are closely observing the inflation trends in Russia, particularly in different sectors of the economy. In contrast to non-food goods, which have been experiencing moderating prices due to the tight monetary policy and a stronger ruble, food products have shown high and persistent inflation (around 12.4-12.7%). The services sector also continues to experience relatively strong price increases. This sectoral disparity in inflation rates highlights the complex impacts of monetary policy, ruble appreciation, and ongoing demand and supply factors in the Russian economy.
