Annual inflation in Russia near 7% in Oct based on weekly data - Central Bank

MOSCOW. Nov 11 (Interfax) - Annual inflation in Russia, based on weekly data, was near 7% in October, the Central Bank of Russia said in a report on monetary conditions and monetary policy transmission.

The CBR in October raised its 2026 inflation forecast to 7.1%-7.6%, from a previous range of 6%-7%, and still expects inflation to return to 4% by 2027.

The seasonally adjusted annualized rate of inflation was 8.0% in Q3 2026, compared to 4.8% in Q2 2026.

Annual inflation according to Rosstat data going by average daily figures for October and November 2025 slowed to 6.95% as of November 2, from 7.11% on October 26 - this was 6.35% at the end of September. Rosstat will publish an exact annual inflation figure for the end of October on November 13.