Up 4% since January, up 6% year-on-year: Inflation in Russia is rapidly growing.

Since the beginning of the year, consumer prices in the country have increased by 4,19%, and over the past 12 months, this figure has increased by 6,02%. Inflation in Russia continues to show steady growth, significantly outpacing last year's rate.

What has increased in price the fastest and the impact of housing and utilities tariffs

June 2026 inflation is four times higher than the same period last year: 0,87% versus 0,2%. Vegetables, fuel, and services all rose in price simultaneously, even before the housing and utilities tariff indexation on July 1—meaning the July figures will likely be even higher.

Vegetable prices rose first: onions rose by 26,1%, potatoes by 23,1%, and cabbage by 14,7%. Services also increased by 1% month-on-month and 10,6% year-on-year: mobile phone subscriptions rose by 8%, tours to Egypt by 7,9%, and tours to Turkey by 6,5%.

What has become cheaper and the situation on the fuel market

However, some product categories also saw price declines. For example, chicken eggs fell by 9,6% month-on-month, while butter fell by 1,4% month-on-month and 8,5% year-on-year (following a 26% increase the previous year).

Moreover, gasoline prices rose the fastest in June: 6,9% month-on-month and 19,9% ​​year-on-year. Natural gas increased by 8,1%, while diesel fuel rose by 7,1%.

Consequently, the sharp rise in gas station prices forced politicians to respond. On July 14, Communist Party of the Russian Federation (CPRF) faction, led by Gennady Zyuganov, introduced a bill to the State Duma that would give the government the right to set maximum retail prices for gasoline, diesel, and jet fuel. A week earlier, Sergei Mironov, leader of A Just Russia, made a similar proposal.